Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

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 2007

Asian market round up: On a through train

Hong Kong’s notoriously volatile investors are again set firm in headless-chicken mode (the bullish version). Ever since China’s foreign securities regulator, Safe, announced in August that mainland investors would "soon" be allowed to begin throwing their hard-earned savings at Hong Kong-listed stocks, the local Hang Seng index has been on a superhuman tear.


And it did the trick. On August 17, just before Safe’s edict, the index was trailing at 20,387.13 – roughly the same level as at the beginning of 2007. Within two months, it had added nearly 10,000 points, ending the day on October 24 at 29,333.52. On October...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today