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?

The money network:

The money network:

Why crowdfunding threatens traditional bank lending

April 1998

Andre Lee - Leaving Lehman



Peregrine's last days, by Andre Lee
Early life
First start in investment banking
Pioneering the Asian bond business
Building the business at Peregrine
The politics of Peregrine
The approach of the Asian financial crisis

What was Lehman in Hong Kong like to work for when you first arrived?

I have to say that the management of Lehman at that time - we started our business officially under Howard Pollock - was extremely supportive. Howard felt it was important for Lehman to be able to originate revenues in Asia, not simply to distribute product. So I think the management support was there, although the ability to offer greater support was not because the infrastructure of the company was such that Asia still wasn't a tremendously important place for Lehman.

When did you start building a team?

I didn't hire my first person until July 1993: that was Lynne Chui. And to this day,...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today