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

France, Europe’s financial centre: Sacré bleu!

France is looking to contest England’s supremacy in the financial world by challenging London’s claim to be Europe’s financial centre.


Christine Lagarde, the French foreign minister, wants to promote Paris as a financial services hub and chip away at London’s dominance. She recently told reporters that she wanted to...


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