08 Sep 2017

China Tip Sheet September 8: Strong RMB…boring trade…neutered CYL…opaque politics…Mars and more!

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China’s most dangerous bank
China Merchants Bank has been on a stock market tear recently. But the WSJ’s Anjani Trivedi thinks it is overvalued:

“The bank is deeply reliant on so-called wealth-management products, which are short-term investments that promise higher returns than ordinary bank...