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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?

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December 2007

Singing along with Public Bank

by Lawrence White

There have been few signs of summer loving in the boardrooms of the bulge-bracket banks, with more and more senior executives being told by angered shareholders and directors "You’re the one that I (don’t) want" as post-sub-prime gloom spreads.

It seems that not all bank bosses need fear for their jobs, however, if the mood at Public Bank’s Carnivale Royale-themed 41st anniversary dinner in Malaysia was anything to go by. Driven across a red carpet to his seat in what looked like a decorated golf buggy...

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China’s $1.7 trillion hangover

Singing along with Public Bank

There have been few signs of summer loving in the boardrooms of the bulge-bracket banks, with more and more senior executives being told by angered shareholders and directors "You’re the one that I (don’t) want" as post-sub-prime gloom spreads.

You must be a trialist or subscriber to view this content

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Singing along with Public Bank

There have been few signs of summer loving in the boardrooms of the bulge-bracket banks, with more and more senior executives being told by angered shareholders and directors "You’re the one that I (don’t) want" as post-sub-prime gloom spreads.

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