As nonperforming and special mention loans are rising, Beijing instructs banks to securitize them, evoking reminders of the 2008 global financial crisis, which was triggered by banks bundling bad loans into securities and selling them to investors.
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
