Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (746)	9/16/2003 12:29:20 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China may sell more bad loans to foreigners Louis Beckerling Foreign investors may be invited to bid for more bad loans on the books of mainland lenders to accelerate the ``huge'' task of recapitalising the country's banking sector, according to International Finance Corporation (IFC) manager Tim Krause. Krause, manager of the IFC's financial institutions group (East Asia & Pacific Department), said yesterday the company believed the best way to deal with the remaining bad loans in China's banking sector would be to sell them. ``It is a huge issue and our view is that you cannot fix the system until the non-performing loans are dealt with - and the best way to do that is to sell them, rather than expect banks to devote resources they do not have, to try to work them out,'' Krause said. The comments came during a briefing by Krause and IFC regional manager Azmat Taufique, on the group's annual report yesterday. thestandard.com.hk