Feb 09, 2022 07:55 PMOPINION
Ling Huawei: How Minsheng Bank Can Turn Around Its Business
To encourage healthy corporate governance, Minsheng should start from the roots. Photo: VCG
The price-to-book ratio of China Minsheng Banking Corp. Ltd. (600016.SH) is low compared to many of its peers, representing the market’s views toward the bank. Recently, Minsheng’s problems on both the asset and liability sides have gradually emerged. That means the market didn’t misjudge the bank.
Minsheng is the country’s first privately owned bank since the establishment of the People’s Republic of China, and at one point a flagship bank. Its recent precipitous descent is certainly a disappointment for those who are familiar with it.
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Ling Huawei is the managing editor of Caixin Media and Caixin Weekly.
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