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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

Allons enfants de la SG!


Can Bouton’s unique vision drive SG forward?
“Our CIB has a very entrepreneurial spirit, which is also the explanation of our development in retail banking”
From public service to private banking

“There were no hired guns, and I think that was very important for the bank” Jean-Pierre Mustier
Société Générale’s senior managers are, without exception, French, career-long employees of a company in which they have regularly switched between divisions and regions.

It’s a fact that many outsiders use to illustrate why SG cannot compete with other global players. But SG insiders see it as a strength of the institution, one that reflects the history and culture of the bank and gives it a unique identity that allows it...


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