IN mid-2021, cross-border lending of Chinese-owned banks totalled US$2.66 trillion and made up 4.7 per cent of their balance sheet. In comparison, US banks' cross-border lending made up 22.5 per cent of their balance sheet at US$4.35 trillion, according to the Bank for International Settlements' (BIS) Locational Banking Statistics. However, various factors point to greater risks for Chinese banks at present.
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