Retail investors lose life savings as record defaults hit China’s $1 trillion local debt market

Quick Summary:

Retail investors struggle to get repaid despite state support.

The LGFVs have turned to the non-standard products because local governments are increasingly cash-strapped due to the country’s economic slowdown and a sharp decline in land sales.

Trust fund products are usually unlisted and sold via channels such as banks and securities firms to companies, financial institutions and high net worth individuals with a minimum investment threshold of 1 million yuan.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Lgfvs Bonds Local Cent Defaults Yuan Defaulted Non-standard Debt Products Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 07:46:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1069 words

Reading Time: 6 minutes read

Sentences: 46 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23232182

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 21 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions