Seven Chinese banks have bond holdings with collapsed investment bank Lehman Brothers, state media reports. The total holdings are USD721m, which is more than double the amount reported last week.
China Construction Bank holds USD191m in bonds, followed by the
Industrial and Commercial Bank of China (ICBC) with USD151.8m, the Bank
of China (USD128.8m), CITIC Bank (USD76m), the China Merchants Bank
(USD70m), Bank of Communications (USD70.02m) and Industrial Bank (USD33.6m).
Last week, only ICBC, Band of China and China Merchants Bank reported
bond holdings. Bank of China had to correct its figures from USD75.6m
to USD128.8m. Chinese insurers, including China Life and Ping An, said
they are not involved in any financial holdings with Lehman Brothers.
Related stories:
Chinese Banks Exposed to Lehman Debt
http://www.bizchina-update.com/content/view/1352/2/
Lehman Brothers' Chinese JV Mystery
http://www.bizchina-update.com/content/view/1348/2/
|
|
|
Users' Comments  |
|
Average user rating
|
|
Add your comment
|
News & Interviews 
