Accountancy Age, Accountancy Age, Friday 14 May 2010 at 09:24:00

State audit reveals suspect lending


An audit of China?s Agriculture Bank found tens of billion in lending irregularities, the Financial Times reports.

The news comes as the bank plans an offering in Hong Kong and Shanghai, believed to raise $30bn.

The audit highlights the issues still facing China?s state owned banking sector despite reform attempts.

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