Bank of China, China Construction Bank and Industrial and Commercial Bank of China all revealed their exposure to the US subprime market recently but added that the damage would be limited.

BBC: China says most of its reserves are in US Treasury Bonds

No outsider knows the percentages of non-performing loans at the big four banks of China, including the Industrial and Commercial Bank of China and China Construction Bank.

FORBES: Is China The Next EU?

China Construction Bank jumped 2.6% in Hong Kong and Industrial and Commercial Bank of China ended up 2.7%.

WSJ: Asian Shares Mixed as Europe Concerns Linger