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China: Handling Bad Loans Badly
Beijing takes a lot of steps backward in cleaning up bank balance sheets. China’s central bank will soon announce bank loan statistics for September, and there have already been press reports that new...
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SinoRock new star in China’s bank related assets/debts market
China’s NPL (Non-Performinb Loan) market is getting bigger, but the business model is changing to favore services-oriented local manager who have a large, local, sustainable and scalable operation...
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Distressed Market: Cinda Tries a New Trail on Bad Debt Trek
One of China’s major distressed asset managers, Cinda, appears to be ready for reform. But questions – and bad debt – linger. The news came late, but at least it came. Ministry of Finance sources...
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Asia:NPLs and SMEs to provide distressed opportunities
Distressed specialists define their terminology and give their take on the market at the second AsianInvestor/FinanceAsia Distressed and Troubled Asset Investing Summit, held in Tokyo. “What exactly is...
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Fears of China property bubble
A large bubble is forming in China’s property market as a result of Beijing’s credit-driven stimulus programme, one of the country’s most prominent real estate developers warned. Zhang Xin, chief...
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Vietnam hikes interest rates and devalues currency
The central bank raises interest rates to 8% and devalues its currency – moves needed to keep inflation in check and growth on target. Vietnam is first out of the gate in a race no one wants to be in....
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China to lead Asian distressed debt opportunity in 2010
Domestic bank credit acts in a similarly pro-cyclical way to foreign debt. When growth is booming, credit growth hides bad loans in favorable nonperforming loan ratios because assets are growing so...
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Chinas growing worries
China is in the midst of “the greatest bubble in history,” March 17 (Bloomberg) –The Chinese central bank’s balance sheet resembles that of a hedge fund buying dollars and short-selling the yuan, said...
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