Asaad

Banks 
china 
Special Report 

Chinese Banks 

Analysts 

Summary 

· China (January 2010)
· Chinese Banks: Annual Review and Outlook
(December 2009)
· Chinese Banks: Soaring denotation Amid Weak
Corporate Clim ate A Concern (May 2009)
· Chinese Banks: asset Quality Under
Pressure As Credit Cycle Turns
(January 2009)

(CNYbn)
1,600

CNY loans (yoy, RHS)

(%)
40

1,200

30

800

20

400

10

0

0
2010

· EM Banking System Datawatch (April 2010)

New loans/mo. (3mma, LHS)

2009

· Macro?Prudential Risk supervise (June 2010)

Chart 1: CNY Loan Growth

2008

Related Research

Against this backdrop, the reported deceleration
in lending in H110 (Chart 1) has received much
attention. The slowdown is cited as certainty that
recent administrative tightening is working, and
that Chinas banks and thrift are normalising
after the shock of 2008?09. While the reliance
environment is slight frenzied than in H109, Fitch
Ratings cautions that lending has not slowed
nearly as much as official data suggests, due to
the increase amount of credit being shifted off
of Chinese banks balance sheets via informal
securitisation (ie the re?packaging of loans into
investments products for sale to investors).





2007

Hiddy He
+8610 8567 9898 x108
hiddy.he@fitch ratings.com 

2006

Chunling Wen
+8610 8567 9898 x105
chunling.wen@fitchratings.com

In the wake of the 2009 credit boom, trends in Chinese bank loan fruit consecrate been
increasingly under the spotlight. Bank credit rose 33% in 2009 (to 140% of GDP at
year?end), and is on footprint for another brisk year in 2010. With GDP growth now back
in double?digits, Chinese policymakers have been wrestling with how to rein in the
credit?fuelled stimulus before it leads to overheating, without overshooting.

2005

Charlene Chu
+8610 8567 9898 x112
charlene.chu@fitchr atings.com

promiscuous Securitisation Increasingly Distorting 
Credit Data 

Source: Bloomberg, PBOC...If you want to range a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper