PATRICK MARTINO

Posts by Patrick Martino:

Banking on IT in China

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 […]

Agricultural Bank of China Remains a Risky Play

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 […]

China Bars Foreign Brokerage Investments at Least Until Summer

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 […]

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