Weak exports bring double whammy for Chinese banks

By Wei Gu
April 30, 2012

Chinese lenders kept the country from a crisis in 2008. But now they’re facing a squeeze. Deposits are harder to find, thanks to the decline in the automatic inflow from the shrinking trade surplus. Meanwhile, losses are rising on loans to smaller businesses hit by poor demand.

When China is allowed to sell, it buys instead

By Wei Gu
October 13, 2009

Central Huijin, the domestic arm of China's sovereign wealth fund, has revived a scheme to buy shares in the country's three largest listed banks. Since Huijin's stated goal is to maximize profits, this looks like a vote of confidence in Chinese banks. Even so, it's not clear why they are buying now.