February 25, 2026 09:00 PM GMT China Financials Does a rising debt-to-GDP ratio pose a risk to financials stocks? We believe the current gradual shift of fiscal resources from infrastructure to consumption and welfare creates a supportive environment for financial stock investments, despite a rising debt-to-GDP ratio. Rising public debt to GDP in China in recent years has reduced financial risk. A common market concern is that China's debt to GDP increase is unsustainable, could lead to long-term financial ...