It was not that long ago the “Western” media constantly talked about how insolvant many of China’s banks were, and that they were choked full of bad loans. Obviously, the irony of it was they were talking about their own banks! There... ...full story at Blogging For China
from Blogging For China on Fri, Aug 14 2009
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Banks flock to China »
YouTube video Banks flock to China
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September 4 - Foreign banks are racing into China to grab an estimated $2 trillion in personal savings.
Bank of East Asia aims to set up a Private bank for millionaires by... |
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Don’t bank on mortgage spike » Countdown to Beijing Chinese banks actively pursue mortgages as they are seen as quality long-term loans. Such loans have surged recently but they will not have a big impact on banks' earnings since they still only account for a small portion of total loans. |
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