China needs at least one trillion yuan ($163 billion) to help the country's largest state-owned banks reduce bad loans and prepare them for domestic share sales, according to Fitch Ratings.

• Position: CHINA

China needs at least one trillion yuan ($163 billion) to help the country's largest state-owned banks reduce bad loans and prepare them for domestic share sales, accord ing to Fitch Ratings. The amount a 10th of China's gross domestic product last year, is the minimum needed to allow the banks to meet a Government requirement they reduce non-performing loans to 15 per cent of total lending before they can sell shares publicly on the mainland, said Arthur Lau, a director at the ratings...