The truth about Asian investment banking
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

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IMF/World Bank awards 2007



Click here to download pdf including photos of the event

Euromoney’s annual best finance minister and best central
bank governor presentation saw hundreds of leading
figures in finance gather to honour the winners during the
IMF/World Bank meetings. The reception was held at the
Willard InterContinental, a historic hotel in the heart of
Washington, DC.

Euromoney’s publisher Neil Osborn presented the prizes
this year to Mladjan Dinkic, Serbia’s battle-hardened
economy minister
, whose uncompromising approach has
helped turn around his country’s fortunes; and Henrique
Meirelles, Brazil’s central bank president
, who has brought
financial stability to the Latin nation. In addition, a special
lifetime contribution award was made to Hamad Al-Sayari,
governor of the Saudi Arabian Monetary Agency, who has
held the position since 1983 and is one of the longestserving
central bank chiefs in the world. All three winners
brought a strong local contingent with them including press,
dignitaries, and senior bankers. The reception was even
shown on Serbian TV.







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