Investing in ICBC (1398.HK), CCB (0939.HK), and ABC (1288.HK) can provide a diversified exposure to China's banking sector, each offering unique strengths:
• ICBC: As the largest bank globally, it has a robust international presence and diverse services, making it a defensive play amid economic fluctuations.
• CCB: Focuses on project financing and international businesses, appealing to foreign enterprises. Its specialization can mitigate risks associated with domestic market volatility.
• ABC: With a strong emphasis on rural financing, it targets a niche market that may benefit from government support and relaxed monetary policies.
Overall, this combination can balance risk and return, leveraging their distinct market focuses.
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- BernardLL·09-30Not the right timing yet to put money into Chinese banksLikeReport