by Nicholas Borst | December 5th, 2011 | 02:16 pm
Chinese banks are setting aside more money for loan impairment losses, in effect reducing current profits by accounting for expected losses. An increase in expected losses seems puzzling at first given that banks’ loan portfolios have been improving over the past several years as shown by a steadily declining non-performing loan (NPL) rate, as reported [...]
Read full post
Posted in
Analysis
| Comments 1
Tags: Audit, Banks, CBRC, Credit
by Nicholas Consonery | October 26th, 2011 | 10:14 am
Nicholas Consonery is a China analyst at Eurasia Group. Last week Chinese regulators asked the Big Four audit firms (PWC, Deloitte Touche Tohmatsu, Ernst & Young, and KPMG) to recheck their work from 2010 and to report any information on Chinese firms that was shared with international regulators. The move comes on the heels of [...]
Read full post
Posted in
Analysis
| Comments 0
Tags: Audit, Politics, U.S.-China Relations
