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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?

November 2006

Debt Market round-up: LIFFE’s long shot

Euronext.liffe makes an attempt to regain a foothold in derivative futures trading at the long end of the European bond curve this month when it launches a new range of bond futures based on the whole eurozone and the largest eurozone countries – Germany, France and Italy.


Unlike a classic bond future, which entails physical delivery of an underlying at the settlement date, the products Euronext.liffe has created include several total return futures contracts based on the EuroMTS government bond indices.

Dealer-to-customer cash bond trading in the government sector is dominated by EuroMTS, so...


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