|
|
Article: U.S. subprime crisis has little direct impact on China's major banks: bankers
- Article from:
- Xinhua News Agency
- Article date:
- March 4, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
|
U.S. subprime crisis has little direct impact on China's major
banks: bankers
BEIJING, March 4 (Xinhua) -- The direct impact of U.S.
subprimeloan crisis on major Chinese banks remains slim, said heads
of major commercial banks on the sideline of the annual full session
of the country's top political advisory body.
"The direct impact of the subprime crisis is rather small, since
the exposure of several national banks to the U.S. subprime lending
market is relatively limited," said Yang Kaisheng, president of the
Industrial and Commercial Bank of China (ICBC).
Yang is a member of the National Committee of the Chinese
People's Political Consultative Conference (CPPCC), which opened its
annual ...