China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (423)	8/19/2003 11:42:57 AM
From: RealMuLan	Read Replies (1) of 6370

Banking means never having to repay a loan By John M Mulcahy A generation of China's bank managers, brought up on the notion that banks were bottomless automatic teller machines, are now discovering with dismay that loans are not gifts. China's banking system is insolvent to the tune of US$500 billion, and perhaps more, although there is no sign that the plug will be pulled, and indeed many of the excesses are continuing. It would take a capital injection of $300 billion to $500 billion to put China's collective bank balance sheet in order. Meanwhile, as the clock ticks towards the next critical World Trade Organization (WTO) deadline - and full access to the renminbi (yuan) market for foreign banks by November 2006 - the risk is that China's banks will lose market share in the most lucrative market segments even as they strive to grow their capital. atimes.com

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