Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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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?

April 2009

HSBC staff unsure on rights issue



The final take-up of HSBC’s fully underwritten rights issue to raise £12.5 billion ($17.7 billion) is due to be announced on April 8. It would be interesting to know what the take-up was like among HSBC’s own employees.

Last month, at the announcement of the deal, chairman Stephen Green explained how cheerfully the bank’s own senior executives were looking...


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