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China

Banks in China traditionally met government policy goals by financing the operations of SOEs, regardless of their profitability or risk. The state banks still suffer from poor corporate governance. Restructuring the bad debt is indeed critical in for the banks to carry on. Taken together, the non-performing-loan ratios of the four state-owned banks range from 22 percent to 40-50 percent, depending on whether one trusts the numbers produced by the China Statistical Bureau or independent credit analysts. They are technically insolvent by any standard. Chinese authorities have taken a number of steps to strengthen the banking sector to ensure that the financial sector will be able to support continued rapid rates of growth. Progress has been made in upgrading the banking system and developing banking products with technological innovations.

Bank of China - Bank of China
Agricultural Bank of China - One of the main banks in mainland China.
CITIC Industrial Bank - China International Trust & Investment Corporation
China Construction Bank - One of the main banks in mainland China.
China Merchants Bank - One of the main banks in mainland China.
Industrial and Commericial Bank of China - Industrial and Commercial Bank of China is one of the largest state-owned commercial banks in China.
Kincheng Banking Corporation - Keep progressing with time, Kincheng Banking Corporation has now expanded and grown to become one of the top 500 banks in the world.




Chiniese Facts:

Area: 9,596,960 sq km / Population: 1,313,973,713 / Median age: 32.7 / Life expectancy: 72.85 / Languages: mandarin,wu,minbei,minnan,xiang,gan / Government type: communist state / Independence: 1 Aug. 1291 / GDP purchasing power: 10 trillion / GDP growth rate 10.5 % / Labor force: 798 million / Unemployment rate: 4.2% / Inflation rate: 1.5 %

China Currency:.....Yuang Renminbi (CNY)

China Stocks: ...Shenzhen Stock Exchange......

China:....... Country Risk Rating........ A3
...................( Data : Coface USA )
China: ...PARTNER

China:...NEWS


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