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.
- Sudden Collapse
- Scam targeting poor student highlights need for privacy protection
- Mainland chips away at Taiwan's dominance in semiconductor business
- Dongfeng profits, revenue take hit in first half of year
- Tibet veteran named region's new party boss
- Closer Look: Clearinghouse needed to tame payment risk
- Online payments to get independent clearinghouse
- How to Make Reform Work
- Beijing Migrants in Limbo Despite New Hukou Reform
- China Eases Pricing Rules on Public Hospitals
- Sign up to receive our free daily newsletter
- Despite Gains in HDI, China Needs More Reform for Inclusive Growth, UN Says
- Souring Business, Xenophobia Makes China Dream Lose Its Appeal for African Migrants
- China to Bring Back Equity Incentives for SOE Employees
- Beijing Floats Extension of Debt-to-Equity Plan to Wider Range of Creditors
- Reform's Response to the Money Supply Warning
- CSRC Suspends Creation of New Structured Funds
- Kobe Bryant Invests in China Education Firm
- China's Rail Project in Indonesia Gets Construction Permit
- Welcome Mat Fades for Taiwan Businesses
- Why Official Claim on Services Driving China's Economy is Misleading