Most Chinese banks jump the Lehman-gun

Image via Wikipedia Many financial institutions are disclosing how much capital they lost, now Lehman Brothers are going down. The Asia Biz Blog notes that among the casualties we find many Asian banks, notably Japanese.
What strikes me is that on their list we find only one Chinese bank. The Bank of China bungles in the tail of the list with USD 59 million in possibly lost assets, but that is rather meager compared to some of the other banks. Even Hong Kong banks have lost a total of USD 275 million, and there might be some Chinese capital there, but Japan goes down for 1.5 trillion US dollar.
Maybe China has been more prudent with their US dollars.

Update: Well, there is a little bit more to it, as we read here, but the basic argument still stands.

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