China's banks are hiding more than $2 trillion in loans - WSJ

The Wall Street Journal (WSJ) came out with a latest story on the Chinese banking sector, highlighting that the banks are hiding rising amounts of potential losses by calling some loans as investment receivables on their balance sheet.

Key Quotes:

“As of June, 32 publicly traded Chinese banks had a total of $2 trillion in investment receivables as of June, up from $334 billion at the end of 2011, according to a tally by The Wall Street Journal of the latest available information from data provider Wind Information Co.”

“The investments are equivalent to 20% of the same banks' total loans in dollar terms, up from 6% at the end of 2011”

Full article here