Why China's banking system is in so much trouble

[BlueKelah]

I do find the repackaging of mortgage/loans as trust investments very disturbing and the recent ICBC scandal i would think is just the tip of the iceberg.

I feel that taking the number of failed S-Chips/ scandals we have had on the SGX, we can sort of get a feeling of the level of integrity as well as how china is running its corporations as a whole. Not to mention the problems S-chips are having on the american bourses.

Also if you had the chance to encounter those china "pei du ma ma" who come here and buy up the new apartment releases in 4-5 units at a time with a BAG OF CASH as deposit, you will realize the magnitude of their greed and speculative nature. Where they get their capital from is another matter.