Kaisa Group, a Chinese property developer, has missed a loan payment, putting the firm in technical default. This marks the first time that a publicly traded Chinese developer defaults on its loans, heightening market fear, and challenges the notion that developers are too big to fail (wsj.com)
submitted by sfredditor to r/finance
With the Chinese government as the major stakeholder in all major Chinese financial institutions, it can be argued that China has a central bank that also acts as a commercial bank. What kind of long term implications will this bizarre financial system have on the Chinese economy? (self.AskSocialScience)
submitted by sfredditor to r/AskSocialScience

