A man walks past a panel displaying stock indices of Hong Kong, U.S. and China markets, outside a bank in Hong Kong June 7, 2016. Photo: Reuters, Bobby Yip

The Hang Sang China Enterprises Index rose by 670 points, or just under 7%, since the US elections. Nearly two-thirds of that increase, or 442 points, came from China’s Big Four banks. So much for China’s debt crisis. Credit crises are not typically associated with rapid economic growth, which gives the banks space to clean up their nonperforming loan problems. — David Goldman