The declines were largely due to lack of confidence. Worries over weak corporate governance, brokers' scandals and an equity oversupply weighed on the bourses.
More Quotes from Wu Zhiguo:
Stiffer competition from bigger state-owned banks may have contributed to the earnings drop. Besides, costs probably rose as the bank was on track to expand out of the city.Wu Zhiguo
The move is clearly aimed at protecting small investors. If directors fail to convene a shareholders' meeting when necessary, investors can act on their interests and help make corporate issues transparent.
Wu Zhiguo
Domestic banks have experience and expertise in managing investment in low-risk bonds based on their long-history in asset-management businesses. It's good for ICBC to pursue the plan.
Wu Zhiguo
Big parent companies are likely to merge or sell some of their weaker listed arms to cut costs to make sure they can stay alive. Besides, additional assets may be infused in good-quality public firms so they can seek funds for expansion.
Wu Zhiguo
Merging city banks can allow them to boost product innovations, tighten risk controls and explore business in bigger geographic regions.
Wu Zhiguo
Competition is set to intensify. For investors, it's encouraging to see more products, which mean more channels for diversifying investments. But regulators must work out rules to prevent risks.
Wu Zhiguo
Readers Who Like This Quotation Also Like:
Based on Topics: Confidence Quotes, Worry QuotesBased on Keywords: bourses, oversupply
In the beginning there was the word. The word was Jah. The word is in I, Jah is in I. I make what is good, better, and what is better, best. I follow this in every aspect of life.
Peter Tosh
Facts can be turned into art if one is artful enough.
Paul Simon
I can't think of any other region in the world which is such a vast source of fossils.
Richard Leakey