China banks outperformed in October

Small banks were the big winners.

According to Bernstein's monthly market monitor, Chinese banks outperformed the market by 11% in Oct. with small banks outperforming large banks by 140bp.

"That said, the large banks outperformed the small banks in the final week of the month (by 230bp) on the back of stronger Q3 earnings results," Bernstein said.

"The PBOC reined in its accommodative monetary policy in Oct withdrawing RMB 100bn of liquidity via OMOs, a reversal from prior 6 months of liquidity injections. This created ST liquidity tension, causing money market rates to rise thru most of Oct," it added.

"In light of the strong performance at the end of the month and increasing investor interest in the Chinese banks, we expect the Chinese banks will continue to outperform the market in the coming months," it said further.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia