Money machines: China's banks are forced to act as government cashiers

Article Abstract:

Lack of an effective monetary control system makes China's economic swings difficult to control. Neither the central bank nor the state-owned banks have independent authority over decisions, acting instead as cashiers dispensing loans arranged by the State Planning Commission. Loans are not based on sound financial criteria, and many are never repaid, leading to large hidden losses in many enterprises. Loans from abroad and abuse of funds by bank managers are also problems.

China, Management, Cover Story, Economic policy, People's Bank of China

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Carving up Resona Bank

Article Abstract:

Concern remains about the future of Resona Bank after the government bailed out the company three months ago with $17 billion. This bank's financial difficulties is symptomatic for the nation's banking industry.

Japan, Forecasts, trends, outlooks, Financial management, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Finance, Forecasts and trends, Market trend/market analysis, Company financing, Subsidiaries, divisions and units, Resona Holdings Inc., Resona Bank Inc.

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