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

India



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

BEST BANK: HDFC
BEST EQUITY HOUSE: DSP Merrill Lynch
BEST DEBT HOUSE: Citigroup
BEST M&A HOUSE: JM Morgan Stanley

HDFC is India’s 12th largest bank by assets but its recent financial performance suggests that it is one of the country’s fastest growing. Given India’s huge domestic consumer market, the strength of HDFC’s retail banking franchise is a key driver of growth.

HDFC operates from 531 branches in 228 cities across India as well as a network of more than 1,000 ATMs. In consumer finance it is a clear...


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