China's Banks: A Dual Perspective

摘要

"From being a rounding error a decadernago, the financial clout of China nowrntrails only that of America. By marketrncapitalization, it has three of the four largestrnbanks, the two largest insurance companies, thernsecond-largest stockmarket and a lengtheningrnlist of investment funds."rn"Eleven of the sixteen Chinese banks to which it gives an individual rating are now ranked "D"; the others are rated below that. And Fitch has for some time come across as bearish on the sector. Its analysts have raised concerns about practices like the repackaging of loans into wealth management products, and the way Chinese banks classify loans.