Trusts, Bonds Lead Surge in Credit 'Gambling'
(Beijing) – Default risks seem remote among local government financing platforms that have raised trillions of yuan since last year via trusts, bank-sponsored wealth management products, securities and bonds – and plan to borrow a lot more.
Most borrowers and lenders converging inside this unconventional credit circle, which has widened dramatically since 2011 in the face of bank loan limits imposed by the central government, are wearing a happy face.
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts
- Poor and Transgender
- Leaders, Public Must Commit to Governance by Rule of Law
- For China's Property Market, All Is Not Lost
- China Builds in Africa, but the Foundations Are Shallow
- Road Test
- A Lotto-Attention
- Alibaba Shopping Site Red-Faced after Number of Phone Orders Faked
- PBOC Gives Banks 300 Bln Yuan Reason to Start Lending More
- CNPC Plans Spending to Hasten Shale Gas Production in Sichuan
- Sign up to receive our free daily newsletter
- The Yellow Pearls of China: Women with a PhD
- Graphics: Ghost Towns
- China Nears Deal with Mexico to Export Bullet Trains for First Time
- Eight Killed and 18 Injured in Riot in Kunming Suburb, Local Gov't Says
- Party Detains Two Senior Officials for Corruption
- Researchers Cast Doubt on State Council Goals to Cut Air Pollution
- Huge Vale Ship Arrived in Qingdao with 300,000 Tons of Iron Ore
- Graphics: The Fourth Plenum
- Revision of Securities Law Is Chance to Liberalize Market
- The Golden Lands: Cambodia, Indonesia, Laos, Myanmar, Thailand & Vietnam