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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?

August 2009

Asian market revival: Chiefs catch a wave of cautious optimism


Investment banking chiefs are joining the increasing chorus of optimistic voices in Asia, as the enthusiastic response to Chinese cement maker BBMG’s debut share offering on July 23 preceded an expected wave of IPOs.

Vik Malhotra, co-head of investment banking Asia at Credit Suisse, spoke to Euromoney over a crackly line from Mumbai. "Activity in our industry is very robust," he says, "and it’s across the product spectrum. You saw lots of activity in Australia...


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