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

September 1998

Simon Murray, Gems



Scavengers and scratchers of value

Simon Murray arrived in Hong Kong in the mid-1960s, long before there was talk of miracles and meltdowns. Having seen the region transformed from a sleepy backwater to an economic dynamo, Murray is perhaps better able than most investors to keep Asia's current woes in perspective.

As the quintessential old Asia hand, he is also in a position to take advantage of those woes without arousing charges of carpet-bagging and ambulance-chasing - at least that's what he hopes. Murray stepped down earlier this year as chairman of Deutsche Bank Asia-Pacific to set up Gems, a general investment fund focusing exclusively on...


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