China Merchants Bank, Bank of China Favored: Daiwa Capital

The video discusses the current state of China's financial sector, focusing on asset quality issues and regulatory changes. It highlights the recovery from COVID-19, the impact of regulatory crackdowns on internet platforms, and the strategies of major banks like China Merchants Bank and Bank of China. The video also explores the outlook for deleveraging and asset quality improvement over the next two years, emphasizing the confidence of regulators in managing systemic risks.

What are the implications for the broader financial sector as discussed in the text?

How has the asset quality of Chinese banks changed in recent years according to the discussion?

What measures have Chinese regulators taken to address regulatory arbitrage?

What factors are contributing to the growth of fee income in Chinese banks?

How do the changes in customer focus impact the retail banking strategies of Chinese banks?

What role does the Bank of China play in the context of asset quality recovery?

What is the expected timeline for the recovery of asset quality in the Chinese banking sector?