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Investors are having nothing of China Construction Bank's "beat" of earnings expectations,...

Investors are having nothing of China Construction Bank's "beat" of earnings expectations, instead more concerned with where non-performing loans are headed. The ratio fell to 1% in Q2 from 1.4% in March, but the bank says its "unrealistic" to expect further declines. You think? Of 47 business owners disappearing this year, 17 were CCB customers.
Comments (1)
  • vtorch
    , contributor
    Comments (313) | Send Message
     
    IMHO Chinese banks are in pretty bad shape. NPLs and disappearance of customers is only the tip of the iceberg. We have not stared talking about cross-guarantees, corporate A/R discounting, unsecured micro-loansharks. Let's just hope the Chinese government has enough firepower when xxxx hits the fence.
    27 Aug 2012, 07:38 AM Reply Like
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