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Big Trouble at Little China Banks
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In China's state banking system larger banks will get more state support than the smaller banks. Smaller banks such as Everbright Bank and Bank of Nanjing have 20% of loans made to local government financing vehicles, this compares with 6-7% for larger banks such as ICBC, Bank of China, China Construction Bank, and Agricultural Bank of China. Because of the poor asset quality and high risk of such loans the smaller banks are likely to be the first to face trouble in a financial crisis.
Capital raised by China's banks 2010-2014
07/21/2011
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Big Trouble at Little China Banks
Wall Street Journal 07/21/2011
Chinese Banks' Divided Capital
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Profit Growth Is Slowing at China’s Biggest Banks
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Large exposure to local government financing vehicles of China's smaller banks
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Larger banks have a smaller portion of their loans made to local government financing vehicles than the larger banks. Agricultural Bank of China, Construction Bank of China, Bank of China, Industrial and Commerical Bank of China have 6-7% of their loans made to local government financing vehicles, compared to 20% for Everbright Bank and 13-20% for other smaller banks. This means they will be the first to be in trouble in a financial crisis because of the high risk and poor asset quality of such loans.
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I.M.F. Tells China of Urgent Need for Economic Change
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Chinese Banks' Divided Capital
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Chinese Bank Regulator Warns of Loan Risks
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BusinessWeek 07/29/2010
China's local government debt poses a risk for the economy
06/17/2010
China's local government debt is estimated to be in the range of 27% to 42% of GDP. Loans by banks to local government financing vehicles face high risk of default.
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I.M.F. Tells China of Urgent Need for Economic Change
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China's Credit Levels Echo U.S. Crisis
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China Think Tank Offers Reform Wish List
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China's state-owned banks
01/07/2010
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Chinese Banks' Divided Capital
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China Banks Keep the Fees Flowing
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Jiang Jianqing, CEO of Industrial and Commercial Bank of China
06/17/2010
Jiangqing's role in the performance of Industrial and Commercial Bank of China. ICBC is considered the best run of the large state owned banks in China, with fewer non-performing loans, the use of information technology and strategies for developing a global presence.
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Big Trouble at Little China Banks
Wall Street Journal 07/21/2011
Asia Goes on a Debt Binge as Much of World Sobers Up
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Chinaâs Sovereign Wealth Fund Buys Shares in Major Banks
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Charlene Chu Is the 'Rock Star' of Chinese Debt Analysis
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China Think Tank Offers Reform Wish List
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Chinese Bank Regulator Warns of Loan Risks
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Loose monetary policy in China in 2010-2011
03/07/2009
Difficulties of making a soft landing after the huge lending boom in China in 2009-2010 continues into 2011. Inflation and other risks from this lending continue. The burden of large local government debt in China and non-performing loans in the banking system. China's local government debt is estimated to be between 27% of GDP to 42% of GDP. Because of the opaqueness of the financial system the exact amount is not clear and estimates vary.
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Asia Goes on a Debt Binge as Much of World Sobers Up
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China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
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Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
Central Bankers Hone Tools to Pop Bubbles
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China's banking system in 2010-2015
01/12/2010
The effects of the stimulus spending binge and speculative behaviours of local governments and state owned companies, on the loans made by state owned banks.
Grouped Articles
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
Off-balance sheet shadow lending by Chinese banks.
01/12/2010
Even after the efforts to restrain lending in 2010 in China following heightened stimulus lending in 2009, the level of bank lending has exceeded 10.5 trillion yuan and is at the same level as 2009. This includes the lending through trusts and other mechanisms according to Fitch Ratings. This explains the inflationary pressures and property bubble.
Grouped Articles
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
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