Apparently, based on the daily chart, this bank has fooled traders a total of 6 times to long the stock. But if you calculate the value of the share price, ie. bought at 5.59 on 31 Oct 19 and you hold till now, your paper loss is (5.59 - 5.23) = 0.36 which is very insignificant.
With China now re-opening its economy, banks will be busier than before. After all, the chinese banks are still relying on F2F meetings and building relationships. The SMEs that are suffering due to Covid-19 will need the help of their bankers to get more loans, restructure their investment portfolio, etc.
One of the main pillars of China economy is property. Construction companies, property developers will need to get back to work and complete their outstanding projects. As Government release more stimulus and low interest loans, those with the ability to repay back will make use of this opportunity and borrow more. The pent up demand will drive the suppliers to construct and complete even more.
With China now re-opening its economy, banks will be busier than before. After all, the chinese banks are still relying on F2F meetings and building relationships. The SMEs that are suffering due to Covid-19 will need the help of their bankers to get more loans, restructure their investment portfolio, etc.
One of the main pillars of China economy is property. Construction companies, property developers will need to get back to work and complete their outstanding projects. As Government release more stimulus and low interest loans, those with the ability to repay back will make use of this opportunity and borrow more. The pent up demand will drive the suppliers to construct and complete even more.