Loan growth at the biggest Chinese banks is not as impressive as smaller ones, but you are buying these banks for their large distribution network and dominance in the market.
Before they opened I'd go to department stores, and they were okay, but they didn't have as much, and their return policy wasn't that flexible.
They probably need the funds to prepare for a substantial acquisition. The company already has quite a large holding of cash on hand.
There isn't much downside for oil stocks right now, and oil is strategic for China. Investors will continue to hold on to the company's stock.
We expect to enhance our image in China through the store. More such stores may be built in other cities, depending on market demand.
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