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Banks emerged as the least affected sector by the Chinese stock market's massive sales this year, benefiting from their resilient financial performance and Beijing's shift towards more flexible monetary policy.
What is happening
The Wind data provider recorded a 9.3% drop this year in the CSI300 banking subindex, compared to 21% for the larger CSI300 group, which tracks the largest companies listed in both Shanghai and Shenzhen.
This…
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