# Question regarding Chinese Construction Industry loans **URL:** \ **Category:** Factual Questions\ **Created:** [August 21, 2023, 3:24pm UTC](https://boards.straightdope.com/t/question-regarding-chinese-construction-industry-loans/988868 "2023-08-21T15:24:42Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![Octagon](https://avatars.discourse-cdn.com/v4/letter/o/2acd7d/32.png) [@Octagon](https://boards.straightdope.com/u/Octagon)\ **Post date:** [August 21, 2023, 3:24pm UTC](https://boards.straightdope.com/t/question-regarding-chinese-construction-industry-loans/988868/1 "2023-08-21T15:24:42Z")
Other than Chinese government credit what foreign creditors lend money to the Chinese construction industry. To which international creditors (if any) are the payments on dollar-denominated bonds that I have read about actually due to? ---
**Author:** ![Omar\_Little](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/omar_little/32/269_2.png) [@Omar\_Little](https://boards.straightdope.com/u/Omar_Little)\ **Post date:** [August 21, 2023, 8:10pm UTC](https://boards.straightdope.com/t/question-regarding-chinese-construction-industry-loans/988868/2 "2023-08-21T20:10:06Z")
Not likely anyone other than China State owned banks. [Banking in China - Wikipedia](https://en.wikipedia.org/wiki/Banking_in_China#:~:text=Domestic%20key%20players-,The%20Big%20Four%20and%20others,Bank%20of%20China%20(ICBC)). China’s banking sector had CN¥319.7 trillion (US$49.5 trillion) in assets at the end of 2020.[[1]](https://en.wikipedia.org/wiki/Banking_in_China#cite_note-1) The [“big four/five”](https://en.wikipedia.org/wiki/Big_Four_(banks)#China) state-owned commercial banks are the [Bank of China](https://en.wikipedia.org/wiki/Bank_of_China), the [China Construction Bank](https://en.wikipedia.org/wiki/China_Construction_Bank), the [Industrial and Commercial Bank of China](https://en.wikipedia.org/wiki/Industrial_and_Commercial_Bank_of_China), and the [Agricultural Bank of China](https://en.wikipedia.org/wiki/Agricultural_Bank_of_China), all of which are among the [largest banks in the world](https://en.wikipedia.org/wiki/List_of_largest_banks) As of 2018. The [Bank of Communications](https://en.wikipedia.org/wiki/Bank_of_Communications) is sometimes included. Other notable big and also the [largest banks in the world](https://en.wikipedia.org/wiki/List_of_largest_banks) are [China Merchants Bank](https://en.wikipedia.org/wiki/China_Merchants_Bank) and [Ping An Bank](https://en.wikipedia.org/wiki/Ping_An_Bank). ---
**Author:** ![md-2000](https://avatars.discourse-cdn.com/v4/letter/m/9d8465/32.png) [@md-2000](https://boards.straightdope.com/u/md-2000)\ **Post date:** [August 23, 2023, 4:57pm UTC](https://boards.straightdope.com/t/question-regarding-chinese-construction-industry-loans/988868/3 "2023-08-23T16:57:15Z")
One commentary I read on the Chinese financial situation mentioned that a lot of these large apartment block developments involve arrangements between local city or provincial governments and the developers. Not clear whether this means these governments have loaned money to the developers too, but local government debt in China is apparently also an issue. ---
**Author:** ![Octagon](https://avatars.discourse-cdn.com/v4/letter/o/2acd7d/32.png) [@Octagon](https://boards.straightdope.com/u/Octagon)\ **Post date:** [August 23, 2023, 7:32pm UTC](https://boards.straightdope.com/t/question-regarding-chinese-construction-industry-loans/988868/4 "2023-08-23T19:32:08Z")
Thanks Omar\_Little. ---
**Author:** ![Nightaudit](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/nightaudit/32/17181_2.png) [@Nightaudit](https://boards.straightdope.com/u/Nightaudit)\ **Post date:** [August 23, 2023, 8:53pm UTC](https://boards.straightdope.com/t/question-regarding-chinese-construction-industry-loans/988868/5 "2023-08-23T20:53:25Z")
You can buy shares in the aforementioned banks if they are traded on nasdaq or nyse exchanges… I held some shares in Bank of China and several other banks/ financial companies in China. All listed on either exchanges… I got out of most of them around the time Covid started and Evergrande started hinting that they were not doing well… I also had to report ownership on my taxes every year, and pay taxes on the sale to Chinese IRS, broker account handled all that for me. So it conceivable American banks might get some kind of loss if they invested in Chinese banks stocks or Evergrand shares some how.