China Has Started Bailing out Its Banks, UBS Says

The murky balance sheets of China’s banks have long spurred fears of an impending crisis, but the clean-up may already be proceeding apace, UBS said.

“Contrary to prevailing market wisdom, we believe considerable progress has been made in recognizing and dealing with the problems,” Jason Bedford, an analyst at UBS, said in a note Thursday, citing analysis of 765 banks on the mainland.

“Recapitalization and bailouts have started and made unexpected (and under-appreciated) progress,” he said, adding that UBS research suggested 2015 was the first year since the early 2000s with sizable bank bailouts.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.