Mastering the flood

China is injecting 4 trillion renminbi into its economy in a bid to shore up growth. The flood of money poses a stern test for risk managers as they try to aid Beijing's fiscal stimulus without undermining banks' risk practices. Georgina Lee reports

Decision makers at China's major banks appear to have given their full support to the Beijing government's 4 trillion renminbi ($585 billion), two-year fiscal stimulus package unveiled in November. They have already released loans amounting to 1.62 trillion renminbi in January, equivalent to total bank credit approved in the first quarter of 2008.

And this came before Premier Wen Jiabao addressed the country's annual National People's Congress (NPC) in Beijing in March to set the nation's