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?

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July 1997

Honkers' interbank games



As charm offensives go, HongkongBank's latest effort may have produced mixed results. The territory's largest financial institution decided to invite its biggest rival, the Bank of China, round to its exoskeleton on Queen's Road for what was dubbed the inaugural Bank of China night.

The evening was calculated to be a wise piece of diplomacy with the Bank of China...


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