IFC's ABC for Chinese banks

The International Finance Corporation's mission is to find promising private sector investments and introduce them to international corporate and accounting standards. In China, the IFC has invested in two majority privately owned banks. But only half their loans go to private companies. Karin Finkelston explains.FinanceAsia: Some analysts say that China's position as the second largest FDI recipient in the world is related to a state-owned banking system that fails to effectively dis…