SHANGHAI -- Price-to-book ratios at Chinese companies have dropped to a five-year low, as the real estate market slump and souring economic sentiment have dented investor confidence, especially in finance stocks.
Markets
China stock valuations sink to 5-year low, led by finance sector
Price-book ratios slump amid investor doubts over lenders' asset quality
The Shanghai Composite Index rose 3% on Jan. 25 after measures to encourage lending, but still lags exchanges in the U.S. and Japan. © Reuters
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