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主题:银行的好日子结束了 -- zhuhit

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家园 they do not know how to

measure risk correctly.

In terms of technical sophistication, China's Big 4 banks are laughing stocks among fellow banks. Life is too easy, profit is too easy, why should they care about risk in the next stage of business cycle??

When downturn comes, we will see most Chinese banks swim in the ocean without underwears.

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