Beijing is taxing its banks into oblivion...

Article Abstract:

Two thirds of China's banking assets are held by four major banks: Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank. These banks are estimated to to have approximately $1.3 trillion of bad loans on their balance sheets. Asset-management companies have been created by the government to buy distressed loans from these banks resulting in an increased collection of tax.

Taxes, China Construction Bank Corp., Agricultural Bank of China

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China's banks see fresh wave of foreign investment

Article Abstract:

The banking sector of China is seeing a new wave of foreign investment after banking sector reforms. Goldman Sachs Group Inc. of the United States, American Express Co. of the United States and Allianz AG of Germany are investing in Industrial and Commercial Bank of China. Temasek Holdings Pte. Ltd. of Hong Kong is investing in Bank of China, purchasing ten percent for $3 billion.

United States, Germany, Financial management, Hong Kong, Foreign investments, Company financing

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Bad loans defy definition as experts debate figures

Article Abstract:

Japanese banks are holding somewhere between 41.4 trillion yen and 150.9 trillion yen in bad debts, a figure that is debated by analysts. A classification system established in 1998 to monitor nonperforming loans lists the bad debt figure at 41.4 trillion yen, yet many skeptics, including the leading opposition party of the government, believe the figure to be much higher.

Japan, Government regulation (cont), Economic policy, Debt

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