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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	7/2/2012 12:32:10 PM
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China's banks are world's most profitable Gideon Spanier Monday, 2 July 2012 The three most profitable banks in the world are now Chinese, illustrating how far financial power has shifted from Europe and America since the credit crunch. Chinese banks generate 29 per cent of total global profits from the banking industry, against just 4 per cent in 2007. European bank profits fell to 6 per cent, against 46 per cent five years ago. independent.co.uk

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