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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October 2009

Investment Banking: Geoghegan moves

The news that HSBC’s chief executive, Michael Geoghegan, will move to Hong Kong has been greeted as further proof of the importance of Asia to the world’s top banking franchises.


Geoghegan’s move is a natural step given HSBC’s roots in Hong Kong but it also underscores how Asia’s...


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