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?

May 2008

Fixed income poll: Ups and downs in 2008

The results of the Euromoney credit research poll reveal which banks’ research models are best suited to the troubling environment in which the financial world finds itself, and which enjoy the most support from their management.


Top of the pile this year is RBS, coming first in investment grade and high yield, and second in trade ideas. The Scottish bank was ninth overall last year, and has risen several places in every category in the poll with the exception of ABS trade ideas and online trading analytics, maintaining last year’s position in both cases. This impressive performance caps a six-year building process for RBS’s research team, which began when Symon Drake-Brockman became head of debt markets in 2001. RBS claims the mantle from Société Générale, which won the poll last year after being nowhere the previous year. The French bank...

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