China’s banking sector seems not been beat by sub-loan crisis
Posted on Oct-25-2008 · by china investor ( china investor had published 8853 articles)
Today,The biggest bank ICBC(Industrial and Commercial Bank of China) reporeted his nine-month profit get 46% rise(13.54 billion U.S. dollars),It means ICBC earnings increase about 0.04$ per share.It seems china’s bank sector not been beat from global financial crisis,and I know agriculture Bank of China are still prepareing for list,So chinese bank not like korea and iceland,because sub-loan crisis face huge risk.
For avoid bank system occur crisis(although we can not find this risk now),china goverment had announce support real estate sector,but I think the price of real estate is to high for a normal family in China,there have data shown most of them spending 75% income to revert the loan of real estate.I think there must have more ways to support china worker and chinese economy.
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