Subject: Re: OT: Regional Banks
Li Lu probably is familiar with EWBC and may even have a banking relationship with them.

It is one of a few U.S. based banks with a full banking license in China. It serves the ethnic Chinese community in USA and facilitates cross border finances.

EWBC has an amazing efficiency ratio of 37%, ROA of 1.8, ROE 20%, and mid-teens growth rate. Has been clobbered along with the rest of the regional banks. It is now trading at a PE of below 6, half its 5-year average.