The truth about Asian investment banking
China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

September 1999

Asian banking: Older and wiser



Meet the new breed of Asian banker - the ones who survived the crisis and are now able to put their hard-learned lessons into practice. They are leading the way into a new era of openness and transparency in Asia.

Take Jada Wattanasiritham, president of Thailand's Siam Commercial Bank (SCB), whose bank took the painful steps necessary to go through the government's recapitalization programme. It required making a clean breast of how bad the balance sheet was at a time when most banks were not fully owning up to their problems. Eventually SCB was able to execute what many see as the most successful recapitalization in the region. But coming out the other side does not mean the...


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