Why China’s latest ‘financial innovation’ might not work
Although credit-default swaps "provide lenders with a tool to hedge their credit exposures by purchasing CDS protection, it is unclear who will be the seller of the protection, and if the sellers are other financial institutions, the credit risks are merely transferred to other parts of the financial sector," notes Goldman Sachs analyst Kenneth Ho.
China in 2 minutes a day
More from SupChina
A Spring Festival celebration in Qingdao
Lunar New Year, also called Spring Festival, is the most important holiday celebrated in many Asian countries, including China, Japan, and South Korea. Our video editor Jia Guo filmed the festivities in the coastal city of Qingdao at the start of the Year of the Rooster. For more on the Spring Festival TV Gala, see our review of this year's program. Read more
Feb 21, 2017