| BBC reported that the Bank for International Settlements (BIS), the global banking watchdog, is concerned about the mounting risks of a Chinese banking crisis. BIS monitors the international flow of money and credit.
Temasek Holdings is very confident of the Chinese financial industry. It is now the biggest foreign investor in Chinese banks. Last year, it raised its stake in Industrial & Commercial Bank of China (ICBC) to 10 percent of the company’s Hong Kong-listed shares after a stock market rout drove the world’s largest bank to record-low valuations..............................................Full Article: Source
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