Analyst Dan McClory on the performance of Chinese banks

Global Business

Analyst Dan McClory on the performance of Chinese banks1

China’s recent interest rate cuts were meant to boost growth and ease companies’ financing burdens. But the move has had unintended consequences, especially on the country’s biggest commercial banks.

Their 2015 profit grew at the slowest pace in a decade.

For more on the performance of Chinese banks, CCTV America’s Michelle Makori spoke to Dan McClory, managing director at Burnham Securities.

Analyst Dan McClory on the performance of Chinese banks

Analyst Dan McClory on the performance of Chinese banks

China's recent interest rate cuts were meant to boost growth and ease companies' financing burdens. But the move has had unintended consequences, especially on the country's biggest commercial banks. For more on the performance of Chinese banks, CCTV America's Michelle Makori spoke to Dan McClory, managing director at Burnham Securities.