Retail sales growth is mainly driven by higher volumes, and the pricing power of retailers remains quite limited because of competition.
More Quotes from Kent Yau:
We hope investment will slow down because eventually, that growth won't be profitable.Kent Yau
The investment picture is still pretty bright, and as long as investment continues to be strong, production will likely remain strong.
Kent Yau
Developing a more diversified income base, whether it is fee-based or from trading, is always a good strategy. Interest rates will remain low in China and Bank of Communications needs to develop more retail products.
Kent Yau
I think it's a good gesture. The government is showing concern about the financial industry especially with some of the smaller brokers complaining about the lack of business.
Kent Yau
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