Chinese bank shares tipped for a fall

After trebling in size since 2008, China’s credit market is seeing slower growth, but is still expanding twice as fast as nominal GDP – and that’s not sustainable. So argues Charlene Chu, senior partner of UK firm Autonomous Research. Tighter regulation of the finance sector is needed, added Chu, who does not see “any long-term investment rationale” for mainland banks for the next few years for various reasons. Chinese banks' assets grew to $28 billion from $9 billion just six y…