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China Facts: SOE banks going global

 

 

China facts, it seems inevitable that Chinese finansial institutions will increase their weight in developed markets in the coming years. If their own economy stumbles, they have an extra incentive to book abroad. For now, less than 3% of Chinese banks' 102 trillion yuan in loans are in foreign currencies. Of Chinese insurers' 13 trillion yuan in assets, a mere 2% are currently overseas*)         

 

*) the Economist 7th May 2016

 

 

 

 

 

 

 

 

 

 

 

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Hans Henrik Pontoppidan
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