Critics fear that China’s state-owned banks will assume the same role in finance that China National Oil Company and its state-owned brethren have done in oil production, venturing to finance projects and corporations that western banks with their freshly minted social and environmental policies could not touch...China is permitting foreign banks to take minority stakes in domestic institutions in exchange for capital injections and, crucially, knowledge transfer...China’s banks...present particular challenges...Where even cashflow analysis is a rare credit risk tool, social and environmental risk assessment and management figures barely at all. [refers to China National Petroleum Corporation, China Export Import Bank, Bank of China, Royal Bank of Scotland, HSBC, Agricultural Bank of China, ANZ, Tianjin City Commercial Bank, Newbridge Capital, Shenzhen Development Bank, Industrial Bank, Bank of Communications, Standard Chartered, People’s Bank of China, Dell]