Chinese bank stocks melt-up

Cross-posted from Investing in Chinese Stocks

The latest trust data from November shows falling asset flows (first chart). The second chart shows rates and maturities rising. The last chart breaks down trusts by type. The light blue box is securities trusts, such as those that invest in the stock market…

Meanwhile, capital is pouring into the stock market. Mingsheng Bank (600016.SS) is up about 40% in the past two weeks. This article from 21st CBH discusses how capital has been flowing into the stock, and how it set a new record for daily volume at ￥15.2 billion yesterday.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.