China – The Biggest Bubble – Share-Backed High-Risk Loans

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Loans backed by stocks looked like safe bets as Chinese stocks marched higher over the past two years, however a $2 trillion selloff since late January is rapidly eroding the value of brokerages’ collateral.”

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$1 trillion worth of Chinese stocks has been pledged as collateral for loans

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h/t @dlacalle_IA


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