What accounts for the problems facing China's four largest banks?

Question

Quizplus · Accepted Answer

The main problem facing China's four largest banks is the large loans they have given to inefficient, state-owned enterprises, which are struggling to repay the debt. This creates a risk of non-performing loans, which can harm the banks' profitability and stability. Closing unprofitable branches and laying off unproductive employees, as well as selling shares overseas, may be solutions to improve efficiency and raise capital, but they are not the main reason for the banks' problems.

What Accounts for the Problems Facing China's Four Largest Banks