Chinese banks have made impressive strides and have significantly improved the sector’s risk profile, says Fitch Ratings in a new report. However, the agency also cautioned that despite this improvement, Chinese banks continue to face serious challenges and banking industry risk remains one of the largest vulnerabilities facing the economy.“Key weaknesses include widespread corruption and […]
Chinese urban households’ mean after-tax disposal income rose by 13% in 2005 from previous year
In a new report, Fitch Ratings says that China’s asset management industry looks set for a surge in growth due to sustained GDP growth rates, pension funds development and a strong demand from institutional and retail investors. However, competition amongst players is intensifying and the performance of the Chinese equity markets remains poor.Thanks to an […]