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

November 2006

Government debt: Japan switches on to e-trading

Electronic trading of Japanese government bonds will account for half of the inter-dealer market by the end of 2006, according to estimates in a report published by research firm Celent.


In 2002 the figure was below 20%: for a country famed for its technological prowess, Japan has been slow to switch from more traditional methods of bond sales to the electronic platforms that are the standard in Europe and the US. The main reason for this lag is all too human: the rise of electronic trading platforms will adversely affect the profit margins of the dealers that are being encouraged to adopt...


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