Category Archives: China

Chinese Debt for Equity Swaps, 3 Card Monte By Another Name?

The Chinese government is bandying about debt for equity swaps as a potential cure for the overhang of corporate debt in the middle kingdom.  Much, if not most, of the bank loans in China have been made by government owned banks to … Continue reading

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Banking the Fire

The narrative of the current market downturn, bear market, correction or whatever you prefer to call it had been about oil, China and the emerging markets.  Now the banks have been put into play.  Year to date their decline has outstripped … Continue reading

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Focus on the Chinese Currency, Not the Equity Market

Chinese equities have started the new year with a series of implosions, implosions exacerbated by the authorities’ ham handed attempts to dampen volatility. Despite the sound and the fury, the Chinese stock market is a sideshow. Ownership of Chinese equities is … Continue reading

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