Chinese lenders largely shrugged off the recent banking crisis in developed markets, gaining in value to take the top five spots in a league table of banks in the Asia-Pacific region ranked by market capitalisation.
Five of the eight Chinese banks to make the top 20 list compiled by S&P Global Market Intelligence enjoyed a quarterly increase in market value in the first three months of 2023, bucking the trend across the region.
Source : Chinese Banks Lead S&P Regional Market Cap Table Despite Global Banking Turmoil