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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?

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Skip Navigation LinksHome :: Euromoney 40th anniversary special: Focus on Primus Financial Holdings

June 2009

Euromoney 40th anniversary special: Focus on Primus Financial Holdings



With the launch of Primus Financial, former Salomon and Citigroup veterans Bob Morse, Huan Guocang and Wing-Fai Ng are hoping to build a "multi-billion global financial services firm based in Asia". They plan to use their $1 billion of start-up capital – all from a single wealthy family in Asia...


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