China Development Bank Jun 06
- ID: 2166495
- June 2006
- Region: China
- Standard & Poors
Strengths: Strong public policy role. Financial support available from the government. Better asset quality and profitability compared with other Chinese banks. Weaknesses: Uncertainty over the financial arrangements between the bank and the sovereign. Significant banking industry risk in China. The issuer credit ratings on China Development Bank (CDB) reflect the expectations of close support from the People's Republic of China (A-/Positive/A-1) and expectations of a better-defined policy role for CDB. Based on discussions with the government and regulators, Standard & Poor's Ratings Services believes CDB will remain a key development and public policy institution. The draft legislations for the policy banks, including CDB, when enacted, are likely to clarify the bank's role, activities, prudential guidelines, and relations with the government....
Companies mentioned in this report are:
- China Development Bank Corp.
- China (People's Republic of )
- Export-Import Bank of China (The)
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Research Type: Full Analysis