18+污漫画,亚洲国产港台日韩欧美三级电影网,办公室扒开奶罩揉吮奶明星,爱爱电影爱情影院网,斗破苍穹 小说免费阅读全集,人妻洗澡被强伦姧完整,打扑克牌又疼又叫视频软件,亚洲,日韩,aⅴ在线欧美,寂寞少妇扒开双腿猛烈进入免费看

Tools: Save | Print | E-mail | Most Read
Gov't Help Needed to Dispose of Huge NPLs for ABC
Adjust font size:

Bank of China (ABC), the country's last unlisted major lender, is gearing up to go public and wants help from the government to wipe out its mountain of non-performing loans.

 

The bank has submitted a plan on its share-holding reforms to the State Council, which provides details on its financial restructuring and the introduction of strategic investors, according to Han Zhongqi, the bank's vice president.

 

With its balance sheet at the end of 2005 showing its bad loan ratio at 26.31 percent and non-performing loans topping 739 billion yuan, ABC has a lot of work to do to transform itself from a state-owned bank to a joint stock company listed on the stock market.

 

A plan to sort out its mounting unrecoverable debts is still being discussed.

 

Gao Wei, an official with the Research and Development Center of the State Council, said the massive bad debts, incurred through lending to the rural sector and loss-making state-owned firms, should be bailed out by the government.

 

Both the central bank and the Ministry of Finance should offer ABC a capital injection, said Zhong Wei, director of the Financial Research Center under the Beijing Normal University. Treasury bonds and re-loans can also be used to clean up the debts, he added.

 

There has been heated debate over whether the debt-laden lender should be split into a group of provincial-level banks to better facilitate local agricultural funding.

 

Three other state banks -- the Industrial and Commercial Bank of China, the Bank of China and China Construction Bank -- have either been transformed into joint-stock firms or listed on the Hong Kong Stock Exchange after strengthening their corporate governance and efficiency.

 

(Xinhua News Agency December 7, 2006)

 

Tools: Save | Print | E-mail | Most Read

Related Stories
Bank Seeks Greener Pastures in Shanghai
Agricultural Bank to Launch Joint Stock Reform
ABC Sees Chances in "New Countryside" Initiative
China Life Eyes Agricultural Bank Stake
Bank Punishes 1,331 for Fraud

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: [email protected] Tel: 86-10-88828000 京ICP證 040089號