AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
DON'T BANK ON 'EM.(banking industry in China)(Brief Article)
A few years ago, massive bank debts pushed Japan and other Asian economies into a deep recessionary hole. Most have yet to emerge. Could China be the next economy to get into trouble? At a recent American Enterprise Institute forum, leading China watchers warned that the policies of that nation's banks could lead to economic stagnation.
China's banks, which are mostly state-owned, are among the world's biggest financial institutions. But in the process of growing large these banks have accumulated massive portfolios of bad loans. "It's easy to become a big bank," said Brookings fellow Nicholas Lardy. "All you have to do is pass out money to everybody who walks by, and pretty soon your loan book will be huge."
But little of this credit was given to private businesses who need capital. Only 1 percent of Chinese bank loans went to private firms, even though these private companies generated wealth equal to 30 percent of the Chinese gross domestic product. Most loans are given to state-owned enterprises, who then squander the money.
In 1998, the governor of the Chinese central bank allowed lenders to write off 25 percent of their ...
- China's central bank governor details commercial banks' bad loans.
- Newspaper article from: BBC Monitoring International Reports March 25, 2002 700+ words
...is conducive to exposing bad loans, and China's supervision and control of bad loans have started from 1994 until...year 2005 the proportion of bad loans will be lowered to about...Xianglong is convinced that China's national strength is...
- China to standardize transfer of domestic bad loans to foreign investors.
- Newspaper article from: BBC Monitoring International Reports February 11, 2007 700+ words
...11 (Xinhua) - China will adopt strict...standardize the transfer of bad loans of domestic financial...the management of China's foreign debts...for the transfer of bad loans of domestic financial...accordance with the mix of China foreign debts, international...amount of ...
- Do bad loans lurk in China?: A major Chinese bank dismisses a fired employee's...
- News wire article from: The America's Intelligence Wire November 20, 2006 700+ words
...acknowledged that bad loans remained an issue...People's Bank of China, told a financial...companies. The amount of bad loans that Chinese banks...Western banks. At China Construction Bank...31-billion in bad loans on its books, or...
- CHINA'S 4 STATE COMMERCIAL BANKS HAVE US$240.2 BLN OF BAD LOANS.
- News wire article from: Asia Africa Intelligence Wire January 21, 2004 700+ words
...September 30 of 2003, China had disposed of 415...240.2 billion) of bad loans in the hands of four...banks, according to the China Banking Regulatory Commission...to the composition of bad loans in China. It has opened a representative...
- Cinda to sell bonds based on bad loans Securitisation of NPLs bought from Bank...
- Newspaper article from: South China Morning Post November 24, 2006 700+ words
...were bought from Bank of China (BOC) in 2004. Cinda...of bonds based on the bad loans in the interbank market...responsible for Bank of China's bad loans, Great Wall Asset Management...Agricultural Bank of China's bad debt and Huarong...
- China may sell more bad loans to foreigners.
- News wire article from: Asia Africa Intelligence Wire September 16, 2003 700+ words
...with the remaining bad loans in China's banking sector...of Shanghai and China Huarong Asset Management...by Beijing to buy bad loans from banks. In...trillion yuan in bad loans to the AMCs. Taufique...Asia outside of China and the finance...
- China may sell more bad loans to foreigners, HONG KONG IMAIL.
- News wire article from: Finance Wire September 16, 2003 700+ words
...with the remaining bad loans in China's banking sector...of Shanghai and China Huarong Asset Management...by Beijing to buy bad loans from banks. In...trillion yuan in bad loans to the AMCs. Taufique...Asia outside of China and the finance...
- China unlikely to take decisive steps this year to cut bad loans.
- News wire article from: Europe Intelligence Wire March 24, 2003 700+ words
...officials suggesting that China has no clear plans for how to solve the bad loans problem. China's new Prime Minister Wen...Yang Kaisheng, president of China Huarong Asset Management...firms set up to tackle the bad loans.
- S&P estimates US$518b needed to fix problem as China defends policy on bad...
- Newspaper article from: South China Morning Post May 10, 2002 700+ words
...billion worth of bad loans would have to be...represented almost half of China's estimated gross...into account the bad loans already transferred...sector to write off bad loans rested on questionable...credit growth in China was 1.4 times economic...
- China's top banks reduce bad loans Better risk handling cuts total stale debt...
- Newspaper article from: South China Morning Post October 25, 2006 700+ words
...owned lenders - Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China and Bank of Communications - cut their combined bad loans from the beginning of this year by 16.4 billion yuan to 1.1...
Source: HighBeam Research, DON'T BANK ON 'EM.(banking industry in China)(Brief Article)