Chinese Banks to Delay IPO.

(From SinoCast China Business Daily News)

CHINA, September 13, SinoCast -- Fitch Ratings, a famous leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions, advised on September 8 that one or two Chinese banks would likely delay initial public offerings.

An official of Fitch Ratings Hong Kong Branch says although Chinese banks are engaged in reducing non-performing loans, and the fast increasing loan volume from 2003 to the beginning of this year would …