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

July 2006

Lifetime Acheivement Award: Raymond Audi



Bahrain I Egypt I Iran I Israel I Jordan I Kuwait I Lebanon I Morocco I Oman I Qatar I Saudi Arabia I United Arab Emirates I Lifetime Achievement

Raymond Audi comes from a line of bankers that stretches back 175 years to 1830, when Hanna Audi inherited his father’s exchange business in Sidon, in southern Lebanon. His own career began when Hajj Hamad Al Homaizi, founder of Commercial Bank of Kuwait, asked him to help create the present-day Bank Audi in 1962.

Bank Audi has become one of the region’s most successful and...


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