china: news and opinion

Overseas-funded banks in China own $193 bln in assets

The total assets of overseas-funded banks in the Chinese mainland stood at some 193 billion U.S. dollars by the end of March, up 55 percent year on year, the China Banking Association (CBA) said Sunday. The assets of overseas-funded ... ...full story at People's Daily

from People's Daily on Mon, Jul 07 2008

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07 Jul 08		Total assets from foreign banks in China hit 193 bln U.S. dollars » People's Daily As of the end of March this year, assets from foreign banks in China amounted to 193.094 billion U.S. dollars, up 55.39% over the same period last year, making up 2.44% of total assets from financial institutions in China's banking industry ...
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04 Sep 08		ICBC's overseas assets exceed 43 billion U.S. dollars » People's Daily By the end of June 2008, the foreign institutional assets of the Industrial and Commercial Bank of China (ICBC) had already exceeded 43 billion US dollars, an increase of 22% from the early time this year. It is learnt that during the first half year,...
27 Oct 08		Chinese banks reduce bad loan ratio, expand total assets » People's Daily Chinese banks' average bad loan ratio was reduced to 5.49 percent by the end of September while the total assets of the country's banking industry expanded to 59.3 trillion yuan (8.5 trillion U.S. dollars), said the country's banking regulator on Monday....

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