By Maria Korolov, Wendy Yu, and Patrick Martino •  March 5, 2007  •  Computerworld  •  1,392 words

SHANGHAI — In the first 10 months of 2006, Chinese regulators uncovered 776 banking crimes, including 205 cases involving more than 1 million yuan ($125,000 U.S.). Fraud and other irregularities at Chinese banks added up to $95.9 billion in 2005, an increase of 31% from 2004, according to the China Banking Regulatory Commission.
In one… Read the rest

By Patrick Martino •  January 4, 2007  •  China Finance & Currency Week  •  341 words

Agricultural Bank of China (ABC) is likely to have a greater probability of making future non-performing loans (NPLs) than China’s other big banks, experts say. To that end, it may be more of a risky investment for investors.
Chinese authorities recently announced share reforms and capital injections to clean up the bank in 2007 as… Read the rest

By Maria Korolov and Patrick Martino •  December 4, 2006  •  Securities Industry News  •  454 words

The National Development and Reform Commission issued a statement Nov. 11 promising to reopen China’s securities sector to foreign joint ventures sometime before 2010. Currently, foreign brokers are prohibited from investing in Chinese brokerages to allow the domestic industry time to restructure.
China stopped approving new applications for joint ventures last December. Regulators are pushing… Read the rest

By Patrick Martino •  November 27, 2006  •  China Finance & Currency Week  •  427 words

China is set to allow its banks to partake in a second wave of asset securitizations by year-end, but it is still too early for foreign investors to get involved, experts say.
It is still too early for foreign investors to make investments in China’s bond market because of regulatory restrictions and because accounting and… Read the rest