Goldman Analysts’ Bearish China Bank View Draws Fresh Rebuke

(Bloomberg) — A bearish research report on Chinese banks by Goldman Sachs Group Inc. has drawn fresh criticism from a major lender and one of the nation’s largest macro hedge funds after receiving a backlash from state media.

Goldman’s assumptions have “misled some investors and caused them to worry about the asset quality,” China Merchants Bank Co. said in a clarification statement to investors that was seen by Bloomberg News.