回复：the $370bn has been converted into rmb and

If so, it is the addition to the high percentage of dead money they already had (30 ~ 40% mentioned somewhere).
The bad assets may expose to public sooner or later, especially if they still want to play in the world market.
By US rules, who knows how many of those banks may already be bankrupted. However, in China, those banks are still absorbing the hard earned money from individual small potatos at unbelievable rate, which seems able to sustain their poor operations forever.