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

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam