Huarong Saga Will Happen Again: Orient Capital’s Collier

The transcript discusses China's increasing defaults, particularly in the AMC sector, and the implications for both domestic and foreign investors. It highlights systemic issues in China's banking system, the role of offshore bonds, and the potential impact on Western investors. The discussion also covers the restructuring needs, the weak links in China's trusts, and the overall economic growth. The conclusion addresses the economic policies and market impact, emphasizing the slow incremental changes rather than major tightening.

What surprising action has the Chinese government taken regarding the central state of operation?

How has the Chinese government been engineering defaults in the financial system?

What are the implications of offshore bonds having no legal recourse to onshore assets?

What is the estimated percentage of bad debt in the banking system according to one paper mentioned?

What steps do Western investors need to take to avoid future financial issues in China?

What are the concerns regarding the trusts in China's financial system?

What factors contribute to the current state of the property market in China?