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China's Banking Sector Outlook: The Impact of Risk Management and Governance Reform Nov 04 Product Image

China's Banking Sector Outlook: The Impact of Risk Management and Governance Reform Nov 04

  • Published: November 2004
  • Region: China
  • Standard & Poors

Abstract
(Editor's note: This article, published on Nov. 9, 2004, has been republished to incorporate additional material in the section entitled 'The Outlook for BOC and CCB'. The updated version follows.) The ratings on two of China's four leading state banks, Bank of China Ltd. (BOC, BBB-/Stable/A-3) and China Construction Bank Corp. (CCB, BBB-/Stable/A-3), were raised to investment grade in July 2004 following substantial capital injections and disposals of sizeable amounts of nonperforming loans (NPLs). As a result of the equity injections, the two banks are now solvent, with sufficient resources to deal with NPLs and likely losses embedded in their asset books. The major question now facing investors, management, and regulators alike is whether or not the two banks will...

Companies mentioned in this report are:
- China (People's Republic of )
- Bank of China Ltd.
- China Construction Bank Corp.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the READ MORE >

- China (People's Republic of )
- Bank of China Ltd.
- China Construction Bank Corp.

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