A legacy of torrid credit growth and surging property prices puts China at a 60% risk of a bank...

|By:, SA News Editor

A legacy of torrid credit growth and surging property prices puts China at a 60% risk of a bank crisis by 2013, says Fitch. According to Richard Fox, a bursting real estate bubble will put "holes in bank balance sheets." The Hang Seng Finance Index brushes off concern, +1.5% last night.