Posts tagged 'LGIVs'

The great wall of Chinese worry

| Jul 05 2011 20:01 | Comment |

The big holes in Chinese local government balance sheets are back — and bigger than first thought, according to Moody’s.

As widely reported this morning, the rating agency reviewed the National Audit Office’s report on local government debt and concluded that it underestimates banks’ NPL exposure. Read more

Waiting for a Chinese local debt disaster

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Jun 29 2011 16:11 | Comment |

Standard Chartered analyst Stephen Green has been on the trail of China’s local debt saga for ages now.

Monday was a big day for him. Read more

Changing China’s biggest bank account?

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Jan 13 2011 11:55 | Comment |

To tell the story of China’s biggest bank account it helps, perhaps, to start with a story about certain, smaller, Chinese bank deposits. So. Meet Zhang Meifang.

Ms Zhang is, or rather was, an official at the Jiangsu Province Finance Bureau. Read more

Chinese rating agency criticises … Chinese rating agencies

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Jul 27 2010 09:50 | Comment |

This Chinese rating agency is really grabbing some headlines.

And not just for criticising its western rivals. Or stripping the US of a triple-A rating. Read more

China’s trust factor

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Jul 15 2010 08:15 | Comment |

Fitch has warned about the role of Chinese trust companies in the country’s lending boom, FT Alphaville writes. But fixing them may be more than a bit problematic. For a start these trust companies are rather nebulous things to begin with; encompassing shades of fund management, private equity, and hedge funds. Read more