Cracks Continue To Appear In China’s Financial System

Rupert Hargreaves

Published onMay 2, 2016

Updated on May 13, 2021

Cracks Continue To Appear In China’s Financial System

The world’s largest casino, or China’s financial system as it’s more formally known, continues to exhibit irrational and concerning behaviour this year. The latest trend, as highlighted by Bank of America Merrill Lynch’s China: An Equity Strategist’s Diary research report, the is the volume of non-government bond issuances that have been cancelled or postponed so far in 2016.

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Specifically, year-to-date 241 non-government bond issuances have been cancelled or postponed, 120 of which occurred in April vs. 315 in total in 2015. 709 bonds worth a total of Rmb1.04 trillion were sold successfully during the first 28 days of April, giving a success rate of...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Cracks Continue To Appear In China’s Financial System

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