China Bank Crisis

bound of mainland china: As of September 2008, cuss of mainland china held US$ 3.274 zillion of U.S. sub-prime mortgage-backed securities, US$ 1.379 jillion in Alt-A mortgage-backed securities, and $4.337 jillion of Non-Agency mortgage-backed securities, for a extreme of US$ 8.99 zillion. mainland China Construction wedge: As of September 2008, the margin held US$ 244 zillion of U.S. sub-prime mortgage-backed securities, US$ 191 million of Lehman Brothers-related debts, and US$ 1.512 billion of securities committed to Freddie mac and Fannie Mae. It is preparing to bring turn up down US$ 673 million. industrial and Commercial slang of China: As of September, US$ 1.207 billion of U.S. sub-prime mortgage-backed securities, US$ 605 million of Alt-A mortgage-backed securities, US$ 55 million in structured securities, for a integral of US$ 1.867 billion. China Merchants Bank: The bank has sold overhear rid of all its Freddie Mac and Fannie Mae mortgage-backed securities, earning a small pull ahead; however, it sleek over owns US$ 70 million of Lehman Brothers-related debts. They induce no more sub-prime mortgage securities.

China Investment Cooperation: The bank’s investment silver loss is estimated between US$ 40 million and US$ 80 million by its investment in constraint Primary Fund, which was affected by Lehman Brothers’ bankruptcy. CIC also suffers from losses on Blackstone and Morgan Stanley. Ping An Insurance mathematical group: Losses have reached 10.5 billion yuan due to its Fortis radical holdings. China Development Bank: The bank owns 1,500 million shares of Baclays Bank. They bought in at 7.2 pounds per share, a reasoned injury that has now dropped to 3.3 pounds per share.If you unavoidableness to get a right essay, purchase order it on our website: Ordercustompaper.com

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