Chinese banks hog the dance floor

Despite strong profit increases, Chinese banks look to be recovering problem loan losses with lower dividends and increased capital – which is not good news for investors.

In the past week, China’s big five banks have defied dire predictions of soaring problem loans to report strong profit increases ranging between 19 and 30 per cent for 2011. But the reaction from investors has been far from enthusiastic, and Chinese bank shares have tumbled.

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