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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?

May 2007

Hong Kong’s China listings: Another China own-goal


Chinese regulators now want the largest state-owned firms to list at home, leaving smaller private companies to trade in Hong Kong. But these might be the best Chinese companies and losing them may be a big mistake.


Could Hong Kong’s China listings party be about to end? There are rumours in the SAR that the China Securities Regulatory Commission, the mainland’s chief securities regulator, is deliberately dragging its heels on the approval of new listings for H shares, the designation given to mainland state-owned enterprises listed in Hong Kong, and urging companies instead to list domestically in Shanghai or Shenzhen.

Bankers familiar with mainland listing hopefuls in Hong Kong say that timetables have been derailed and...


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