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?

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Skip Navigation LinksHome :: Back Issues :: Asia market round up: Nomura cuts back in America

December 2007

Asia market round up: Nomura cuts back in America


Japan’s Nomura booked a ¥73 billion ($621 million) loss from its residential mortgage-backed securities unit as the company announced its exit from the US RMBS market....


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