Ping An Bank Co Ltd Class A

000001: XSHE (CHN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
¥54.00PlcWgqzpgsnq

PAB's Business Restructuring Is Progressing Well

Business Strategy and Outlook

Ping An Bank, or PAB, has been transforming into a retail-focused bank. While we believe it has yet to earn a moat, we believe PAB is a high-quality bank among our Chinese bank coverage. We’re positive on its restructuring, thanks to its ability to leverage its parent’s huge customer base and integrated offline and online financial platform.

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