Chinese banks are drawing a growing list of defenders against Goldman Sachs Group Inc.’s pessimistic report on the industry, highlighting how it stands out from consensus.
Days after Goldman analysts said dividends from Chinese banks may fall short, peers at Citigroup Inc., UBS Group AG and Daiwa Capital Markets argued that the lenders will withstand the strains of bad local government debt and less fee income without cutting payouts.
Read More : Chinese Banks Receive Support from Citi and UBS Following Goldman Sachs’ Report