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

Hong Kong



Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand HSBC wins the best bank in Hong Kong award again and it is hard to see the bank ever relinquishing the title, given its complete dominance of the market. It is the largest bank in Hong Kong by far, with the largest branch network and a product range to cover every kind of customer, from retail, consumer to commercial and corporate. The bank reported pretax profit for 2005 of $5.8 billion, a return on average assets of 1.44%, a...


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