Pursuits
One Hedge Fund Goes Against Industry Titans on Big China Banks
- Mainland banks may "grow themselves out of the problems"
- William Lee’s Red Cliff goes against bears such as Kyle Bass
Elderly men stand together in front of the skyline of the Lujiazui Financial District in Pudong in Shanghai at dawn on December 1, 2015. AFP PHOTO / JOHANNES EISELE / AFP / JOHANNES EISELE (Photo credit should read JOHANNES EISELE/AFP/Getty Images)
Photographer: Johannes Eisele/AFP via Getty ImagesThis article is for subscribers only.
As bearish calls against China’s banks are mounting, one hedge fund says the nation’s biggest financial institutions can attain the “beautiful state” enjoyed by global rivals such as JPMorgan Chase & Co.