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 money network:

The money network:

Why crowdfunding threatens traditional bank lending

June 2008

Investment banks: Debt clouds have an equity lining


A rights issue boom means investment banks have bizarrely profited from their failures.


One of the joys of being a diversified investment bank with tentacles around many asset classes is that sometimes falling activity in one can be offset by the continuous rattling of another.

This is somewhat the situation today where banks that shook their debt market toys so wildly that they broke are now benefiting from the chance to repair some of the damage through their equity capital market...


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