Big bank results round-up

The big four banks look set to record another year of record profits, but a recent trip to China underscored one of the major risks.

On a recent visit to China, the discrepancy between major bank valuations there and here was a constant talking point. While the big four Aussie banks are hitting new highs, Chinese banks are trading at huge discounts to book value as investors prepare for an increase in bad debts from China’s unprecedented credit and housing booms.

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