As European banks falter, a handful of China state owned banks are swooping in for a closer look at possible road kill.
Which would make a number of state owned banks very happy as that IPAD trademark is now considered the only remaining valuable asset of Proview itself.
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For example, in relation to the state owned banks, their ability to make lending decisions on purely commercial and economic grounds as against political considerations is a real question.
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" The rising role of state-owned banks also increases the risk of a state takeover, says Mr. Lawson: "The economic crisis led to a bigger and more political role for state-owned banks.
China banks were down around 20 percent in the first half of the year, thanks in part to concerns over non-performing loans on the books of the big state owned banks lending to real estate builders.
He also complained about the way the government owned banks are forcing private banks to lower fees and lending spreads by getting the major state owned banks Caixa Economica and Banco do Brasil to take the lead.
China, which has used state owned banks and utilities to finance solar factory expansion and create domestic demand for solar panels, will continue to dominate solar manufacturing, though the government is reportedly working on rescuing only 12 large companies and forcing mergers in others.
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While state-owned companies get favorable loans from the state-owned banks and invest this capital in their operations, the government itself invests very little of its own money directly into these industries a very important distinction.
Admittedly, state-owned banks still make loans to state-owned companies, but these behemoths are not the innovators in China 2010.
The only companies that had money back then were the large state-owned enterprises that were able to borrow all they wanted from the four large state-owned banks, or perhaps go public on one of the new stock exchanges in Shanghai and Shenzhen.
They are dominated by state-owned enterprises, which can count on cheap loans and energy from China's state-owned banks and utilities.
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Morgan became the latest foreign bank to invest in a Chinese trust company, even as Western banks have sold stakes in Chinese state-owned banks.
Private banks will keep gaining market share from state-owned banks in the next decade, he predicts.
Alternative lending is popular in China because state-owned banks tend to favour large companies, particularly state-owned enterprises, leaving small and medium-sized companies starved of credit.
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The large state-owned banks have only been comfortable lending to other big state-owned and have been reluctant to provide loans to private SMEs.
The only sources of loans were the four large state-owned banks, and loans available were reserved for the large state-owned companies.
Moreover, state-owned banks are only too happy to lend to a fellow state-owned firm in pursuit of the government's fond goal of boosting clean forms of power generation at the expense of grubby coal the main fuel for China's power stations.
They deposit about two-thirds of these savings in China's four big state-owned banks, which lend about two-thirds of these deposits to state-run firms.
The four big state-owned banks that dominate the system direct four-fifths of their lending to state-owned enterprises which destroy value more often than they create it.
Even on the issue of selling sickly state-owned banks, he now seems to waver.
The Conservatives said the break up of the state-owned banks had already been "well trailed".
In keeping with this trend, some large, state-owned banks and industrial firms have been privatized.
The government is using the state-owned banks to pump out loans at astonishing rates.
Even those that are nominally independent can obtain loans that are virtually interest-free from state-owned banks.
Mr Chidamabaram has promised complete managerial autonomy to the state-owned banks, the obvious lenders.
Giant state-owned banks, telecoms companies and electricity firms and many more enjoy massive and lucrative monopolies.
Reports said that state-owned banks may buy Greek bonds as part of the rescue.
Another 11 local investment funds, including some managed by state-owned banks, were also fined last year.
On Day Two, however, the Yuan slipped almost .4% as Chinese State-owned banks bought up US dollars.
State-owned banks often institutionalise practices that would be called questionable or corrupt if undertaken by private banks.
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