[华尔街日报亚洲版]-WSJA-120110-A-COMPLETE.pdf

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Asia Deal Journal: Mergers and Currency reform is killing
IPOs are off to a prosperous year North Korea’s economy
BUSINESS & FINANCE 21 EDITORIAL & OPINION 17
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VOL. XXXIV NO. 94 (India facsimile VOL. 1 NO. 155) ** ASIA Tuesday, January 12, 2010
asia.
Manchester United plans bond issue to refinance debt China places
rules on sales
of bank loans
By Dinny McMahon was sent to all Chinese
banks. The -
BEIJING—China’s bank- mission didn’t respond to
ing regulator has quietly faxed questions Monday.
cracked down on banks sell- Banks have been unwill-
ing their loans to - ing to discuss the trust deals
panies, taking aim at a little- publicly, but analysts who
ad at00,Venm US$ Vietnam: , land: understood category of had studied the transactions
transactions that had fueled said the banks were using
Ic C) oe:Won2,500, Korea: JCT), (Incl
concerns about transpar- them to report lower loan to-
ency in the banking system. tals at a time when China’s
The transactions at issue government was indicating
had enabled banks to move concern about credit expan-
loans off their balance sion and pushing lenders to
sheets by temporarily sell- increase their capital ratios
ing them