<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffeeshop Chit Chat - BUY WRONG TIME, SELL WRONG TIME.</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Lola (Langusta) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>May-21 1:15 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>Dragon8899 <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (27 of 52) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>13616.27 in reply to 13616.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>And you'd think they'll learn something after so many mistakes!
Didn't Hole Jinx's Temasek just bought CCB? Did Jinxy and her useless Temasek goons conduct any due diligence at all prior to buying BoA's stake in CCB or is this going to be Yet Another "LONGKANG TERM INVESTMENT"???
http://online.wsj.com/article/SB124288312709842515.html
<SMALL>MAY 21, 2009, 1:34 A.M. ET</SMALL>
<!-- ID: SB124288312709842515 --><!-- TYPE: Asian Business News --><!-- DISPLAY-NAME: --><!-- PUBLICATION: The Wall Street Journal Interactive Edition --><!-- DATE: 2009-05-21 01:33 --><!-- COPYRIGHT: Dow Jones & Company, Inc. --><!-- ORIGINAL-ID: --><!-- article start --><!--CODE=INDUSTRY SYMBOL=DISCODE=SUBJECT SYMBOL=OAMKCODE=SUBJECT SYMBOL=OMKMCODE=SUBJECT SYMBOL=OUSBCODE=STATISTIC SYMBOL=FREECODE=SUBJECT SYMBOL=OASI-->Fitch Sees Early Warning Signs at Chinese Banks
By JASON LEOW
SHANGHAI – Fitch Ratings, the credit ratings agency, says China's banks are showing early signs of asset quality deterioration amid a torrent of new lending to help fund government stimulus projects.
New loans totaling 5.17 trillion yuan (about $$757 billion) in the first four months of this year have already exceeded the 4.91 trillion yuan in loans made in all of 2008.
Amid the credit surge, government officials have warned of rising financial risks and earlier this week announced rules to ensure money is going to the real economy, after concerns were raised that some loans were being diverted into the asset markets instead.
In a report on China's banks published Thursday, Fitch said it's seeing early warning signals from the Chinese banking system.
Chinese lenders have been downgrading more "special mention" loans – credit that is considered about to default – to bad debt, or nonperforming, status, said Charlene Chu, a senior director at Fitch Ratings China and an author of the report.
Chinese banks also have been provisioning more capital for unimpaired loans, indicating that "the banks themselves see greater losses down the line in loans that are currently performing," Ms. Chu said.
The report added to earlier warnings from the agency that lending quality in China is weakening. Fitch has long argued that figures like low levels of non-performing loans compared with total bank assets don't tell the full story. It has pointed to items such as special mention loans and the way banks categorize loans as poorly recognized risks.
The latest report notes that the credit boom, coupled with the poor economy, is exacerbating those risks. The report also noted that the nonperforming-loan ratio of China-based foreign banks, usually thought to have higher risk management standards and oversight, have been rising.
Fitch said any impending credit crisis will be hard to spot in the short term given the high volume of lending. Yet over time the global economy's continuing weakness and China's nascent domestic demand will take a toll on the banks, as their corporate borrowers report lower profits and the likelihood of defaults rise, Ms. Chu said.
"At the heart of these concerns is the recent steep rise in corporate exposure amid a concurrent decline in enterprise profits," Ms. Chu said. "Ordinarily falling corporate earnings are met with tightened lending, but in China precisely the reverse is evident, illustrating that despite years of reform Chinese banks still retain an important policy function in upholding local enterprises," she said.
Write to Jason Leow at [email protected]
*HEE HEE* but I only understand what is "DIU D-LEE-GERMS"</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
Didn't Hole Jinx's Temasek just bought CCB? Did Jinxy and her useless Temasek goons conduct any due diligence at all prior to buying BoA's stake in CCB or is this going to be Yet Another "LONGKANG TERM INVESTMENT"???
http://online.wsj.com/article/SB124288312709842515.html
<SMALL>MAY 21, 2009, 1:34 A.M. ET</SMALL>
<!-- ID: SB124288312709842515 --><!-- TYPE: Asian Business News --><!-- DISPLAY-NAME: --><!-- PUBLICATION: The Wall Street Journal Interactive Edition --><!-- DATE: 2009-05-21 01:33 --><!-- COPYRIGHT: Dow Jones & Company, Inc. --><!-- ORIGINAL-ID: --><!-- article start --><!--CODE=INDUSTRY SYMBOL=DISCODE=SUBJECT SYMBOL=OAMKCODE=SUBJECT SYMBOL=OMKMCODE=SUBJECT SYMBOL=OUSBCODE=STATISTIC SYMBOL=FREECODE=SUBJECT SYMBOL=OASI-->Fitch Sees Early Warning Signs at Chinese Banks
By JASON LEOW
SHANGHAI – Fitch Ratings, the credit ratings agency, says China's banks are showing early signs of asset quality deterioration amid a torrent of new lending to help fund government stimulus projects.
New loans totaling 5.17 trillion yuan (about $$757 billion) in the first four months of this year have already exceeded the 4.91 trillion yuan in loans made in all of 2008.
Amid the credit surge, government officials have warned of rising financial risks and earlier this week announced rules to ensure money is going to the real economy, after concerns were raised that some loans were being diverted into the asset markets instead.
In a report on China's banks published Thursday, Fitch said it's seeing early warning signals from the Chinese banking system.
Chinese lenders have been downgrading more "special mention" loans – credit that is considered about to default – to bad debt, or nonperforming, status, said Charlene Chu, a senior director at Fitch Ratings China and an author of the report.
Chinese banks also have been provisioning more capital for unimpaired loans, indicating that "the banks themselves see greater losses down the line in loans that are currently performing," Ms. Chu said.
The report added to earlier warnings from the agency that lending quality in China is weakening. Fitch has long argued that figures like low levels of non-performing loans compared with total bank assets don't tell the full story. It has pointed to items such as special mention loans and the way banks categorize loans as poorly recognized risks.
The latest report notes that the credit boom, coupled with the poor economy, is exacerbating those risks. The report also noted that the nonperforming-loan ratio of China-based foreign banks, usually thought to have higher risk management standards and oversight, have been rising.
Fitch said any impending credit crisis will be hard to spot in the short term given the high volume of lending. Yet over time the global economy's continuing weakness and China's nascent domestic demand will take a toll on the banks, as their corporate borrowers report lower profits and the likelihood of defaults rise, Ms. Chu said.
"At the heart of these concerns is the recent steep rise in corporate exposure amid a concurrent decline in enterprise profits," Ms. Chu said. "Ordinarily falling corporate earnings are met with tightened lending, but in China precisely the reverse is evident, illustrating that despite years of reform Chinese banks still retain an important policy function in upholding local enterprises," she said.
Write to Jason Leow at [email protected]
*HEE HEE* but I only understand what is "DIU D-LEE-GERMS"
