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

  • Join us
Skip Navigation LinksHome :: Back Issues :: Singapore: CAO’s flame is rekindled

January 2006

Singapore: CAO’s flame is rekindled


China Aviation Oil (Singapore) Corporation (CAO) the Singapore-listed subsidiary of mainland Chinese aviation fuel importer China Aviation Oil Holding Company (CAOH) announced in December a successful debt restructuring including significant investments from BP Investments Asia and Temasek Holdings.

CAO collapsed under losses of more than $500 million in November 2004 after a disastrous trading strategy in derivatives and an attempt to cover up losses by previous management. The collapse caused...


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

  1. FX survey 2012: Overall results

  2. Euromoney’s 2012 FX survey results

  3. Inside JPMorgan's $2 billion loss-making CIO division

  4. The money network: Why crowdfunding threatens traditional bank lending

  5. Reality bites: The truth about investment banking in Asia


Home |  Mobile site |  Contact Us |  Subscribe |  Capital markets |  FX/Treasury |  Investment |  Regions & Emerging markets |  Surveys and awards |  Back issues |  Euromoney store |  Useful links & Related events |  Site Map |  Cookies |  Do more with Euromoney | 

RSS Feed  |  Change font size:   

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions, Privacy Policy before using the site.

All material subject to strictly enforced copyright laws. © 2012 Euromoney Institutional Investor PLC.