Asia Risk awards 2010: House of the year, China

Asia Risk awards 2010: House of the year, China

Bank of Communications (Bocom) has distinguished itself among China’s largest banks during the past year due to its conscientious efforts to bolster credit risk management, most notably for its efforts to secure collateral against loans to local government financing vehicles (LGFVs).

Bank loans to LGFVs are estimated to stand at around 7.66 trillion renminbi ($1.13 trillion), spurred by China’s four trillion renminbi fiscal stimulus response to the global financial crisis that was largely