Asia links 4 Mar 2021: Chinese SOEs…

Insight #1 – China’s move towards state-directed capitalism will benefit HK-listed Chinese SOE stocks I came across the below chart from this article by Nicholas Lardy at the PIIE. It shows that China’s state-owned enterprises received the vast majority of bank loans from 2014 onwards. While the government in 2016 stopped providing a breakdown of bank loans to SOEs vs the private sector,

Read →