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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?

July 2006

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Portugal debate participants



Portugal online: Banking on reform

Pedro Eiras Antunes (PEA) is a senior loan officer and head of the EIB’s Lisbon office, with over 20 years’ executive and management experience in the financial sector .
Adelaide Cavaleiro (AC) is head of division (research and institutions’ analysis) of the banking supervision department of Banco de Portugal. She is a member of the Committee of European Banking Supervisors.
Diogo Lacerda (DL) is head of debt capital markets at Millennium bcp investimento, the investment bank of Millennium bcp. He has been with the bank for the last five years.
Miguel Athayde Marques (MAM) is the president of Euronext Lisbon and member of the managing board of Euronext NV. He is also professor of business at Universidade Católica of Economics and Management.
Filomena Oliveira (FO) is the senior general manager in the  financial markets division of Caixa Geral de Depósitos. She is a full member of the European Covered Bond Council.
Manuel Preto (MP) is head of the financial division at Santander Totta. He is responsible for asset liability management, the tax department and investor relations.  He has been with the company for the past 10 years.
Ricardo F Pinheiro (RP) is territory senior partner of Price-waterhouseCoopers in Portugal. He also teaches at the Universidade Católica of Economics and
Management.
Carlos Costa Pina (CCP) is Secretary of State of Treasury and Finance of the Portuguese Republic. He also teaches at the Lisbon University Law School.
Fernando de Figueiredo Ribeiro (FR) is head of investments at F&C and a member of the executive and management committees. F&C manages over g160 billion and has around 180 investment professionals.
Philip Smith (PS) is a senior director of the financial institutions group at Fitch Ratings. He is currently responsible for the agency’s ratings of financial institutions throughout the Gulf region and in Portugal.
Alberto Soares (AS) is the chairman and CEO of the Portuguese Government Debt Agency. Previously, he was head of the financial markets division with Caixa Geral de Depósitos, where he also headed the international division.







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