Bank Minsheng's Growth Pain.

(From SinoCast China Financial Watch)

SHANGHAI, August 24, SinoCast -- Latest figures from China Minsheng Banking Corp mirror an industry-wide concern on short capital base, as lenders have been expanding aggressively in face of voracious demands from an emerging middle class. The capital adequacy ratio reached 7.46% at the end of June, the Beijing-based Minsheng said in a report. That is down from the 8.26% recorded six months ago, in contrast to the bank's double-digit growth in both earnings and assets. Worse, that also means Minsheng did not meet the regulatory minimum of 8% for the first time in recent years. If it fails to raise the ratio by at least 0.54 …