wazua Tue, Nov 26, 2024
Welcome Guest Search | Active Topics | Log In | Register

China Credit Trust Co. mega default warning
Options
Previous Topic · Next Topic
mchambuzi
#1 Posted : Monday, January 20, 2014 5:49:59 PM
Rank: New-farer


Joined: 11/17/2013
Posts: 80
Location: Juja
The bank issued a 31st January default warning to its investors. If it does materialize, its likely to send shocks into the market(Possibly globally as well with spikes in interest rates). In the likely event that the central authority averts this, isn't this one of the symptoms of an ailing credit system?
On a long enough timeline, the life expectancy of everyone drops to zero.
Back to top
BLOG
 Report Abusive | Report SPAM
jmbada
#2 Posted : Tuesday, January 21, 2014 7:55:27 AM
Rank: Member


Joined: 1/1/2011
Posts: 396
Let's temper the headlines. It's not a mega-default. It's approx. $600 Mill in only one of their wealth management products. And not a full wipe-out of investors' funds either. China Credit may still choose to make investors whole.
Back to top
 Report Abusive | Report SPAM
mchambuzi
#3 Posted : Tuesday, January 21, 2014 1:45:35 PM
Rank: New-farer


Joined: 11/17/2013
Posts: 80
Location: Juja
jmbada wrote:
Let's temper the headlines. It's not a mega-default. It's approx. $600 Mill in only one of their wealth management products. And not a full wipe-out of investors' funds either. China Credit may still choose to make investors whole.


http://www.forbes.com/si...cheduled-for-january-31/
On a long enough timeline, the life expectancy of everyone drops to zero.
Back to top
BLOG
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.