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They, therefore, confine themselves into routine and predictable business, simply collecting deposits and financing government decided real estate projects and SOEs-providing the fuel for the next bubble, rather than searching for creditworthy clients.
FORBES: Foreign Sales of Chinese Listed Bank Shares Could Cause a Major Correction for Hong Kong and Shanghai Markets
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They, therefore, confine themselves into routine and predictable business, simply collecting deposits and financing government decided real estate projects and State Owned Enterprises (SOEs)-providing the fuel for the next bubble, rather than searching for creditworthy borrowers.
FORBES: Hong Kong Listed Chinese Banks: Do Investors Know What they are buying?
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Ultimately, the technology could go either way, acting as an effective method of cross-checking people across a vast security network as they move from country to country, or evolving into an omnipresent grid of surveillance that will spread viruses and confine us all to our homes lest we feel the wrath of cyber criminals or high-tech fascists.
ENGADGET: RFID Passports coming to the US in August