Banking Sector FY2008 - Positive for Japan and India, Negative for China
February 8, 2007- Occasionally, I’ll revisit prior blog entries and provide a very quick update. Several months ago, I said that I would avoid buying stocks of Chinese banks. Despite the recent comments of a top Chinese politician that the Chinese stock market was manifesting the signs of a “bubble” ready to burst, China’s economic growth appears to be more sustainable for now in comparison to India. My comment about avoiding Chinese bank stocks despite the great fanfare their IPOs were receiving in the global financial media was simply due to the fact that the sacrifice of strict risk management controls in pursuit of profits and spiraling growth makes a fine recipe for future disaster. Read more …
2 comments February 18th, 2007
