Default looms in China's 'shadow banking' system

Jan 26, 2014 | Posted by: roboblogger | Full story: The China Post

A shockwave is looming in China's multitrillion dollar "shadow banking" system, with an unprecedented default only days away on a US$500 million investment product sold to hundreds of people.

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CHINA in DECLINE

Surrey, Canada

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#1
Jan 27, 2014
 

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Everyone with a brain saw this coming.

Notice the STOCK MARKET CRASH in Hong Kong today?
CCP is USELESS and DYING

Surrey, Canada

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#2
Jan 27, 2014
 

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"Chinese “shadow banking” is a massive network of lending outside formal channels and beyond the reach of regulators, including activities by online finance platforms, credit guarantee companies and micro credit firms.

It was as large as US$4.8 trillion in 2012, more than half the country's gross domestic product, according to an estimate by ratings agency Moody's."

WOW!
RESISTANCE IS FUTILE

Richmond, Canada

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#3
Jan 27, 2014
 

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bottom line?

it is Rich Chinese with money to invest... who wanted better returns on their money...

who....invested in mostly unregulated investment vehicles in an attempt to get around the Chinese Governments self imposed money tightening, and attempts to reel in the Real Estate markets...

they took a chance for better returns... if they make money great... lose it, tough luck to them...they have no one else to blame but themselves

in the end they helped build infrastructure in China... and worst case is some poorer Chinese will benefit...

these Rich Chinese people could always riot... but I doubt they will
RESISTANCE IS FUTILE

Richmond, Canada

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#4
Jan 27, 2014
 

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CCP is USELESS and DYING wrote:
"
It was as large as US$4.8 trillion in 2012, more than half the country's gross domestic product, according to an estimate by ratings agency Moody's."
WOW!
Chinese economy is a lot larger than we think....
RESISTANCE IS FUTILE

Richmond, Canada

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#5
Jan 27, 2014
 

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CHINA in DECLINE wrote:
Everyone with a brain saw this coming.
Notice the STOCK MARKET CRASH in Hong Kong today?
yes everyone saw this coming... they attempted STLL plow money into Real Estate

when the Chinese government started to tighten 4 years ago

thats just arrogance and stupidity.... granted most will make money on their investments, even with a high % of defaults

but it was people with money who could have just played it safe
Andrez Lopez

El Paso, TX

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Jan 27, 2014
 

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China's economic performance has rocked the world last week, so anyone can see how wide spread it is.
CHINA in DECLINE

Surrey, Canada

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#7
Jan 27, 2014
 
RESISTANCE IS FUTILE wrote:
<quoted text>
yes everyone saw this coming... they attempted STLL plow money into Real Estate
when the Chinese government started to tighten 4 years ago
thats just arrogance and stupidity.... granted most will make money on their investments, even with a high % of defaults
but it was people with money who could have just played it safe
"Real Estate"????

You mean that farcical, VASTLY OVERVALUED, popular-because-the- dictatorship-needs-to-control- people-like-serfs bullshiht LEASEHOLD system where every property inevitably becomes TOTALLY WORTHLESS?

Yeah! That, like all of these "trusts", or the state banks, is a horrible investment and CCP scam!
RESISTANCE IS FUTILE

Richmond, Canada

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#8
Jan 28, 2014
 
CHINA in DECLINE wrote:
<quoted text>
"Real Estate"????
You mean that farcical, VASTLY OVERVALUED, popular-because-the- dictatorship-needs-to-control- people-like-serfs bullshiht LEASEHOLD system where every property inevitably becomes TOTALLY WORTHLESS?
Yeah! That, like all of these "trusts", or the state banks, is a horrible investment and CCP scam!
Chinese are buying it... and buying to the point the central government has been trying to slow down the buying... to alleviate any bubbles and inflation

problem is these people investing into these products and creating this shadow banking industry

are the ones who are going to take the biggest hit...

like I said before I dont shed a tear for these people...

since they had money to invest, took a risk to make more money when they could have played safe

tried to go around Chinese regulations...

and invested in a sector which they knew 4 years ago the central government was tightening on

these people dont like it... they can always move to Canada...where there is a large Chinese diaspora

and maybe even get served lunch by miro
RESISTANCE IS FUTILE

Richmond, Canada

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#9
Jan 28, 2014
 
hese people dont like it... they can always move to Canada...where there is a large Chinese diaspora

where you can BUY LAND...

and maybe even get served lunch by miro
CHINA in DECLINE

Surrey, Canada

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#10
Jan 28, 2014
 

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Yes, come to Canada!

Your Dim Sum dishes will be washed by "RESISTANCE" and your children will learn the TRUTH about the CCP and HATE IT!

HA HA HA HA HA HA HA!
RESISTANCE IS FUTILE

Richmond, Canada

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#11
Jan 28, 2014
 
CHINA in DECLINE wrote:
Yes, come to Canada!
Your Dim Sum dishes will be washed by "RESISTANCE" and your children will learn the TRUTH about the CCP and HATE IT!
HA HA HA HA HA HA HA!
you know the truth miro...

you live in Surrey I live in Richmond....

so your a dishwasher?

9 WAYS THE HONG KONG HANDOVER CHANGED VANCOUVER FOR GOOD

3. Hong Kong Chinese changed the real estate market and transformed the city

One look at the Vancouver skyline reveals the enormous effects that Hong Kong developers had in providing capital and shaping the development of Yaletown/False Creek and Coal Harbour, initiating the "Hong Kong High Rise" boom in downtown Vancouver. Less visible is how ownership of property throughout the city and the dominance of Chinese Canadian real estate brokers and agents has also transformed the real estate business of the city.
4. Richmond is now 50-per-cent Chinese and a unique product of the Hong Kong Chinese

From farmland and almost no Chinese, the city of Richmond now has one of the greatest urban concentrations of ethnic Chinese in North America. Chinese developers pioneered a unique style of strata mall and transformed Richmond into the new commercial hub of Chinese commerce in the Lower Mainland. A unique amalgam of older Hong Kong-style malls such as Parker Place and the North American strip mall

7. Higher education has been transformed

Vancouver has become an international educational hub, with SFU, UBC, and a host of community colleges that attract students from all around the Asia Pacific. The role of the Hong Kong Chinese in this transformation was critical, being the first major wave of foreign students to B.C. in the 1980s and 1990s.

The Hong Kong Chinese transformed the class structure of the city, beginning in the 1970s after the 1967 Immigration Act's point system encouraged educated migrants to Canada, but spurred the most by the influx of professionals from Hong Kong who left in anticipation of the 1997 Handover, and resulting in a boom in university educated migrants whose children have filled Vancouver's colleges and universities.

8.'White' collar professional labour force transformed

Chinese migrants have shifted in a single generation a white collar labour force that was truly "white" to one that is now increasingly Chinese. There are so many who entered professions in the 1970s who were the "first" Chinese in a company or in their workplace, a fact that is easy to forget now that there are so many Chinese in every field.
RESISTANCE IS FUTILE

Richmond, Canada

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#12
Jan 28, 2014
 
you should be proud to be a dishwasher Miro
CHINA in DECLINE

Surrey, Canada

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#13
Jan 28, 2014
 

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RESISTANCE IS FUTILE wrote:
you should be proud to be a dishwasher Miro
Yes, you HAVE TO pretend to be "proud" to be a dishwasher!

So, do you still spend HOURS in line at the "payday loan" store arguing with the Filipina maids sending money back home?

And how is it living in your parent's basement?

Do you still watch "Star Trek" episodes over and over again, even though you are 38 years old?

Change your name to "RESISTANCE IS A JUVENILE WITH A HYPER-ACTIVE FANTASY LIFE"!

HA HA HA HA HA HA HA HA HA!
RESISTANCE IS FUTILE

Richmond, Canada

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#14
Jan 28, 2014
 
CHINA in DECLINE wrote:
<quoted text>
Yes, you HAVE TO pretend to be "proud" to be a dishwasher!
So, do you still spend HOURS in line at the "payday loan" store arguing with the Filipina maids sending money back home?
And how is it living in your parent's basement?
Do you still watch "Star Trek" episodes over and over again, even though you are 38 years old?
Change your name to "RESISTANCE IS A JUVENILE WITH A HYPER-ACTIVE FANTASY LIFE"!
HA HA HA HA HA HA HA HA HA!
miro no one is going to listen to your drivel... if you pretend you have money....

if you cant tell the truth about your wealth....and the job you do

then how do you expect people to read your cr@p?

why would I need to lie?

how about you tell us what you do in real life or are you too ashamed to tell us?
CHINA in DECLINE

Surrey, Canada

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#16
Jan 28, 2014
 

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"RESISTANCE" likes to pretend a lot! He even FANTASIZES that he is a "CCP Death Squad" hit-man! So FUNNY!

Check this out from the "Arab Upheavel...." thread!:

RESISTANCE IS FUTILE
Delta, Canada

|#96
Friday Mar 11 ONLY YOU CAN SEE THIS THE CAR DOWN THE STREET IS US WATCHING YOU!!!!
The Chinese are reportedly dispersed across ....SPAM,SPAM, etc. to the end of the post!

Note the scummy, lame, feeble Chinese Communist Party DEATH THREAT at the top of his post!

What a LOSER!

BTW, Delta is a very poor semi-rural area near SURREY, BC! "RESISTANCE" had to move back to his parent's basement in Richmond to take that dishwasher job!

HA HA HA HA HA HA HA!
CHINA in DECLINE

Surrey, Canada

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#17
Jan 28, 2014
 

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The forumite who calls himself "RESISTANCE IS FUTILE" has made a SHOCKING CONFESSION here on Topix!

He fantasizes that he is a killer working for a Chinese Communist Party "Death Squad" in Canada!

Check this out from the "Arab Upheavel...." thread!:
RESISTANCE IS FUTILE
Delta, Canada

|#96
Friday Mar 11 ONLY YOU CAN SEE THIS THE CAR DOWN THE STREET IS US WATCHING YOU!!!!
The Chinese are reportedly dispersed across ....SPAM,SPAM, etc. to the end of the post!

Note the scummy Chinese Communist Party THREAT at the top of his post!

"us" he says?

Hmmmmmm.
RESISTANCE IS FUTILE

Richmond, Canada

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#18
Jan 29, 2014
 

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what we are learning about China... is its economy is about 50% larger than we thought

and the Chinese consumer is spending closer to 50% of GDP rather than what was previously thought about 38% of the GDP

lol miro you are in for a long long wait...
CHINA in DECLINE

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Jan 29, 2014
 

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RESISTANCE IS FUTILE wrote:
<quoted text>
miro no one is going to listen to your drivel... if you pretend you have money....
if you cant tell the truth about your wealth....and the job you do
then how do you expect people to read your cr@p?
why would I need to lie?
how about you tell us what you do in real life or are you too ashamed to tell us?
You have to lie because you are a loser. What sort of person pulls THIS type of scam?;

"RESISTANCE" likes to pretend a lot! He even FANTASIZES that he is a "CCP Death Squad" hit-man! So FUNNY!

Check this out from the "Arab Upheavel...." thread!:

RESISTANCE IS FUTILE
Delta, Canada

|#96
Friday Mar 11 ONLY YOU CAN SEE THIS THE CAR DOWN THE STREET IS US WATCHING YOU!!!!
The Chinese are reportedly dispersed across ....SPAM,SPAM, etc. to the end of the post!

Note the scummy, lame, feeble Chinese Communist Party DEATH THREAT at the top of his post!

What a LOSER!

BTW, Delta is a very poor semi-rural area near SURREY, BC! "RESISTANCE" had to move back to his parent's basement in Richmond to take that dishwasher job!

HA HA HA HA HA HA HA!

Poor pathetic FAILED THUG of the DYING CCP still stupidly and robotically fishing for personal details, eh?

HA HA HA HA HA HA HA HA HA!
RESISTANCE IS FUTILE

Richmond, Canada

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#20
Jan 29, 2014
 
once again you dont talk about the job you have...
keep avoiding the question

I work online.... from 6 to 1 I was a pro trader for an investment wing of one of our big banks

what is your job again?

dishwasher lol

o wait judging from the fact that your post are from surrey..
you have lost your latest job....

probably because they found out you were a nutcase

LOL
RESISTANCE IS FUTILE

Richmond, Canada

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#21
Jan 29, 2014
 
btw...I never lived in Delta....

my IP addy was switched over by my IP provider...im guessing to lay down some lines...

my internet is fast though...after they did it...

seriously nutcase... I was showing Richmond even before it showed up delta...for those 3 weeks or so... and I remember pointing it out...

nice biased and dishonest way to present things...

plus we know you live in Surrey.... which is a poor area right beside delta...

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