Bloomberg News

China’s Liquidity Tightening Is Helping Banks, UBS’s Tang Says

October 24, 2011

Oct. 25 (Bloomberg) -- Tightening by the Chinese government is helping to improve the balance sheets of banks and directing credit in the right direction, UBS AG’s China strategist John Tang said today at a Bloomberg conference. The environment for Chinese banks will remain good next year, and investors should buy the shares, Tang said in Hong Kong.

To contact the reporter on this story: Sophie Leung in Hong Kong at sleung59@bloomberg.net

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net


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