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Mainland China Banks Get Credit Rating Boost (1 viewing) (1) Guest
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TOPIC: Mainland China Banks Get Credit Rating Boost
#7031
globetrotter855 (User)
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Mainland China Banks Get Credit Rating Boost 4 Months ago Karma: 0  
"The credit rating of 10 mainland commercial banks have increased from last year. Seven banks were rated AAA this year as compared to only five last year. China Merchants Bank went from AA+ to AAA and China CITIC Bank Corp Ltd upgraded from AA to AAA. The increase in banks' ratings were due partly by higher risk resistance and profitability."

I guess that means its a great time to setup a business over in the mainland

Check out the full story here
 
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#7033
Sandvand (Admin)
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Re:Mainland China Banks Get Credit Rating Boost 4 Months ago Karma: 20  
I would think there are many other aspects to doing business in China than just the quality of the banks?
What about corruption and political risks, for instance?
Anyone with experience in doing business in China?

John
 
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