China: Game of Finance – Tyranny of Acronyms

China’s use of financial acronyms began in 1980 and has since morphed into an all-out love affair that shows no sign of abating.

“Excuse me, sir. Seeing as how the VP is such a VIP, shouldn’t we keep the PC on the QT, ’cause if it leaks, he could end up MIA, and then we’d all be put out in KP.” *

That is Robin Williams playing the radio personality Adrian Cronauer in the film Good Morning, Vietnam.

These days, acronyms are embedded in the financial landscape. You cannot sit through a meeting without mentally hoovering up dozens of the things.

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