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Viewpoints Local Government Financing Vehicles: A Growing Risk for China’s Economy? Local Government Financing Vehicles: A Growing Risk for China’s Economy? We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
Blog China’s Mortgage Boycott: Could Property Sector Cracks Lead to Systemic Risk? China’s Mortgage Boycott: Could Property Sector Cracks Lead to Systemic Risk? Our stress tests show the Chinese banking sector as a whole can absorb shocks from a severe downside scenario, but mid-sized banks and contagion pose potential risks.
Blog Chinese Financials Feeling the Squeeze Amid Sluggish Credit Demand Chinese Financials Feeling the Squeeze Amid Sluggish Credit Demand Following strong double-digit profit growth in FY2021, we expect Chinese banks will be less profitable this year as COVID-19 lockdowns continue to disrupt China’s economy.
Blog China’s Property Sector Slump: Is Recovery on the Horizon? China’s Property Sector Slump: Is Recovery on the Horizon? In the absence of immediate and substantive policy easing at the national level, we believe that the sector could pose a serious risk to the government’s GDP growth target in 2022.
Blog Southeast Asia Banks: Strong Capital Positions Should Help Absorb Losses Southeast Asia Banks: Strong Capital Positions Should Help Absorb Losses We expect a faster profit recovery for major systemically-important banks than second tier peers.
Annisa Lee Head of Credit Research, Asia Pacific Share Share Share via LinkedIn Share via Facebook Share via Twitter Share via Email Add Add Download Download Print Print Ms. Lee is an executive vice president in the Singapore office and head of Asia-Pacific credit research. Prior to joining PIMCO in 2019, she spent 15 years with Lehman Brothers and (following its acquisition) Nomura as a sell-side analyst, most recently as the team head of Asia ex Japan flow credit analysis. Earlier in her career, she worked at Bank of East Asia, Chase Manhattan Bank, and ING Bank in various credit research functions. She has 27 years of investment experience and holds an MBA from the Chinese University of Hong Kong (CUHK). She received an undergraduate degree from the University of Hong Kong (HKU).