Credit Research Analyst
Mr. Zhou is a vice president and credit research analyst in the Hong Kong office. Prior to joining PIMCO in 2021, Mr. Zhou worked as an equity research analyst at UBS, Credit Suisse, and Barclays, covering China and Hong Kong financials with a focus on banks. Prior to that, he was a management consultant at KPMG. He has 10 years of investment experience and holds a master’s degree from the University of Birmingham. He received an undergraduate degree from the University of International Business and Economics.
We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
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.