Day: May 13, 2016

A cautionary tale about a Chinese bank

There once was a bank called Minsheng. Minsheng used to be an investor’s dream: growing earnings consistently above 30% per annum, benefiting from the boom that was the Chinese economy. But times have become tougher for Minsheng of late: Minsheng just printed its first year-on-year decline in pre-tax profit since the global financial crisis. You […]