pboc speech, 2006-03-22
On one hand, big banks will find out that they don't understand the risk profiles of those micro and seemingly irregular clients, at the same time, such clients may not be able to provide enough qualified mortgages or pledges so as to put big banks in such a plight when they encounter problems as pre-loan 'adverse selection' and 'moral hazards' after loan issuance.
Sentiment: neutral
Topic: mp_economic_activity