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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?

June 2009

Euromoney 40th anniversary special: Focus on BTG-Pactual



LATIN AMERICA

Pátria Investimentos
Mercado Mexicano de Derivados
BTG-Pactual
Eduardo Elejalde, Lavca
Protego Asesores
Latin America
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Since BTG’s inception in September 2008, its founding partners, Andre Esteves, former global head of UBS fixed income, and Persio Arida, former central bank governor of Brazil, have made clear their ambitions.

Within six months, the investment group had acquired Via Brasil, a distressed gas station chain,...


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