Shares in China's major banks have rebounded from their lows. Industrial & Commercial Bank of China has risen to 5.20 Hong Kong dollars (67.1 U.S. cents) this week from a low of HK$3.99 in July. With China's growth stabilizing, and few signs of a bad-loan crisis, it is easy to see why. But a continued deceleration in profit growth means the gains should be limited.
中国主要银行的股价已从低点反弹。本周中国工商银行(Industrial & Commercial Bank of China)股价从7月份的3.99港元上涨到5.20港元。考虑到中国经济增长企稳、坏账危机迹象不多,上涨原因不难明白。但如果利润增长持续减速,那么上涨幅度应该是有限的。
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