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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Chinese banks ‘built on quicksand’: Chanos

Posted on 24 November 2011

Chinese banks are “extremely fragile” because the lenders don’t have enough capital to offset bad loans, said Jim Chanos, president and founder of the $6 billion hedge fund Kynikos Associates Ltd.
State-run Central Huijin Investment Ltd., an arm of China’s sovereign wealth fund, said on Oct. 10 that it started buying stock in the four biggest Chinese lenders after their shares tumbled this year………………………………………..Full Article: Source


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