Concerns over banks' capital consumption arise.
UOB Kayhian believes the long list of banks planning to raise capital in Hong Kong will cause negative sentiments towards the sector on the back of concerns over banks’ rate of capital consumption and equity-raising risks.
Moreover, the potential listing of these banks may drain market capital from the existing listed China banks.
UOB Kayhian added that recent news suggested that several city commercial banks have halted their A-share listing applications and are shifting their focus to H-share listing.
Check out the slideshow to find out which banks these are plus some updates on their potential listing.
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