From Beijing Times via China Economic Net (link)
As three of China’s big four banks came under the spotlight with behemoth IPOs, the last remains saddled with non-performing loans and is still uncertain when restructuring will begin.
A bail-out scheme for Agricultural Bank of China, the nation’s No.2 lender by assets, has yet to be unveiled or even hinted at by authorities after years of discussions. It highlights the government’s cautiousness in dealing with a bank with large exposure to rural areas.
Beijing-based Agricultural Bank, which owns 12 percent of China’s US$4.7 trillion in banking assets, has the worst debt quality and most employees among the big four state-owned lenders.
