China’s ‘Big Four’ banks include the Industrial & Commercial Bank of China, the China Construction Bank, the Bank of China and the Agricultural Bank of China. Together they have a reported combined asset value of $17.321 trillion.
he Real Estate industry accounts for more than 15% of China’s economy. 62-year old Hui Ka-yan owns 76 percent of Evergrande, China’s second largest property developer by sales. However, with the South China Morning Post reporting liabilities of more than $305 billion, Hui’s investment might be too big to ignore.
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