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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

“Our CIB has a very entrepreneurial spirit, which is also the explanation of our development in retail banking”

Daniel Bouton, chairman and CEO of Société Générale, discusses in detail his bank’s culture and strategy with Euromoney’s editor, Clive Horwood.


Can Bouton’s unique vision drive SG forward?
Allons enfants de la SG!
From public service to private banking

What is the culture of Société Générale?

This bank has a specific genetic make-up, which combines the merits of three cultures. The original is a successful retail bank and then commercial bank, the classic European success story.

The second comes from the audit business. About 15 years after Société Générale was created in 1864, the central audit body was set up, which has helped innovate in all departments of the bank for decades. The third is the trading culture, which began in the mid 1980s, with a few top recruitments initiated by my predecessors. This has a very important index culture, partly coming...


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