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 truth about Asian investment banking

January 2006

Sukuk market breaks new ground

by Kate Luxford

The sukuk market has bucked the general trend of lack of supply in Islamic finance.


Geert Bossuyt of Deutsche Bank notes: “In the investment product area, our competition is not that tough. In sukuk, where the local banks are more active, competition is tougher.” As ever, the key to success is innovation. “We’re more expensive”, he explains. “To justify our fees, we have to bring innovation. We go for the bigger projects, which tend to be more complex, and we tend to be able to come up with solutions where the local market fails.”

Deutsche Bank...


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