China banks may need to raise billions of dollars of assets in the next few years. Because, with the massive loan, the local banks became vulnerable to bad credit.
The few banks that has the potential to increase their capital, recorded more than 300 billion yuan (USD44 billion). They are the banks under regulatory pressure to [...]
China Banking Need estimated USD44 M
G-20 officially Replace the G-8
The G-20 leaders officially declared the role of G-8 will be replaced by G-20. The decision was considered as a great and historic leap toward the establishment of a new world order, at least economically.
G-20 contributed 90 percent of world gross domestic product, about 60 trillion U.S. dollars. Diplomats said the G-8 still exist, but [...]
Consensus Outline G20 summit U.S. Version
The United States Government is optimistic the G20 Summit in Pittsburgh 24-25 September 2009 will result in a number of agreements in practice control strategies that caused the current economic crisis.
The first points are likely to be approved is the need to strengthen the capital reserves of banks and other financial institutions. Strengthening the capital [...]
