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Investors Finally Get a Closer Look Into China's Bad Bank
Keywords:
Cinda's bank borrowing has increased from 7.8 billion yuan in 2010 to 161 billion yuan in Oct 2013, with three fourths of this having a maturity of less than 2 years. In contrast to China's three largest banks which have 25-30% of loans in real estate, Cinda's assets are about 50% in real estate, increasing from 25% in 2010. This has increased the risks from Cinda in China's banking system. Cinda was originally setup to buy nonperforming loans from China's banks in 1999, but was never closed. It now operates along commercial lines with support from China's Ministry of Finance. The balance sheet has jumped 88% to 283 billion yuan or $46.6 billion in the 30 months ending in June 2013.
China Cinda Asset Management Company's IPO in November 2013
11/26/2013
Grouped Articles
Wall Street Journal 11/26/2013
Investors Finally Get a Closer Look Into China's Bad Bank
Wall Street Journal 11/26/2013
China Cinda Soars in Hong Kong Debut
Wall Street Journal 12/13/2013
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
Problems facing the China Bank Regulatory Authority (CBRC) for off-balance sheet lending and shadow banks
06/17/2010
Grouped Articles
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
Distress Signs Test Beijing's Resolve
Wall Street Journal 06/25/2013
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