摩根大通：中国金融行业（中国 1998 年日本式贝塔行情）、日本银行业（持仓情况）、欧洲央行前瞻

Specialist Sales APAC Specialist Sales 05 June 2025 China Financials: First national distressed developer reorganization, Wendy Liu argues China may be on the verge of 1998-1999 Japan-style beta rally (+80%), Focus on "Financial survivors" (China Equity Strategy: Link) • The Jinke case (holistic reorganization involving strategic investors not just bond restructuring) suggests a pickup in sector rationalization as a new way to tackle China's property oversupply… While Jinke Real Estate's court-approved debt ...