ICBC : Industrial and Commercial Bank of China (1398)

[Wildreamz]

Chinese shadow banks face major test on 30th Jan 2014 where one of the "shadow banks" in China, will default, and ICBC will NOT bail investors out.

http://www.reuters.com/article/2014/01/1...MT20140116

I feel ICBC should NOT set the precedence of bailing out investors in these "WMP". This is the right decision that will steer the mindset of investors in the right direction: that high returns of these WMPs meant higher risks as well.

Even though, it MIGHT trigger a full blown crisis in China and the world when that happens.