[Wu Xiaoqiu: some Chinese commercial banks with good performance are undervalued] at the 2023 Tsinghua Wudaokou Global Financial Forum, Wu Xiaoqiu, dean of the China Capital Market Research Institute of Renmin University of China, said that some Chinese commercial banks with good performance have low valuations. The long-term PE of Chinese commercial banks is 3-5 times; the PB is less than 1 most of the time, so the valuation is on the low side. Similar financial institutions in the global market are valued at more than 95 per cent higher than Chinese banks; the PE of these financial institutions is about 8 or even 10 times, and many of them have a PB of about 1. " (Wang Hong, reporter of the Financial Associated Press)