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?

The truth about Asian investment banking

May 2008

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Icma skis for kids



The International Capital Markets Association raised SFr100,000 ($97,000) for underprivileged children with its annual ski weekend in Davos at the end of March. The event is more than 30 years old, but the potential for charitable contributions was only realized last year.

Four-man teams of children from the local ski club competed for the honour of handing over the donation cheques to the supported charities, while employees of Icma member firms were given the opportunity to race against the Swiss national team as well as such international ski legends as Marc Giradelli and Daniela Meuli. Prizes were given out by champion Alpine skier and Switzerland’s second most famous sportsman, Bruno Kernen. It’s thought the other most famous one plays tennis.








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