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Does The Surge In Chinese Banks Signal Trouble Ahead?
Market Depth
The Bank of China and China Civic Bank Shares Hit Limit Up 10% Intraday for the First Time Since July 2015
According to Bloomberg, at an April briefing, a PBOC spokesperson said that the macro leverage ratio actually hit as high as 290% at one point in Q1 or 2023. But that was due in part due to like seasonal factors. Now, if you look at the breakdown of this total debt to GDP in China, you'll see that the leverage ratio is the highest for the non financial sector - mostly corporates and trust loans. It's effectively hitting this snooze alarm on button on a still very active time bomb.
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