Chinese Trust Companies on the Brink
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Chinese Trust Companies on the Brink
1–10 of 73 posts
Re: Chinese Trust Companies on the Brink
#2Wave of bankruptcies threaten global markets.
Re: Chinese Trust Companies on the Brink
#3Make business, not war.
Not my advice but the advice of Jack Ma. You know, the guy the CCP effectively stripped of most of his influence for warning them about problems with China's banking and regulatory system.
Re: Chinese Trust Companies on the Brink
#4Make business, not war. Not my advice but the advice of Jack Ma. You know, the guy the CCP effectively stripped of most of his influence for warning them about problems with China's banking and regulatory system.
The problem is that Xi hijacked the CCP. He’s now on his way to transitioning China back to socialism and a centrally planned economy.
Re: Chinese Trust Companies on the Brink
#5Make business, not war. Not my advice but the advice of Jack Ma. You know, the guy the CCP effectively stripped of most of his influence for warning them about problems with China's banking and regulatory system.
The problem is that Xi hijacked the CCP. He’s now on his way to transitioning China back to socialism and a centrally planned economy.
Did Xi hijack the CCP --- or did the CCP try to hijack capitalism and Xi is just their frontman?
Re: Chinese Trust Companies on the Brink
#6Let’s hope that a better system comes out of all of this chaos.
Re: Chinese Trust Companies on the Brink
#7Are these "Chinese Trust Companies" like family offices in the US? The description in the article made me think so, just trying to understand what the equivalent is in Western markets.
Re: Chinese Trust Companies on the Brink
#8Make business, not war. Not my advice but the advice of Jack Ma. You know, the guy the CCP effectively stripped of most of his influence for warning them about problems with China's banking and regulatory system.
The problem is that Xi hijacked the CCP. He’s now on his way to transitioning China back to socialism and a centrally planned economy.
“Socialism” but without any of the social safety nets, from what I hear. Lots of retirees getting their pensions reduced, their personal savings in the form of real estate (~75% of household wealth) sinking in value, can’t even see a doctor without waiting for months (unless paying high fees out of pocket), high debt loads both public and private, deflationary pressures, and oh, the whole population shrinkage thing in the long run. Daunting challenges even for a fearless leader that knows what he’s doing, not to mention the one they’ve got.
Re: Chinese Trust Companies on the Brink
#9Are these "Chinese Trust Companies" like family offices in the US? The description in the article made me think so, just trying to understand what the equivalent is in Western markets.
No, it’s more like in the “Trust Buster” sense from US economic history. These are big conglomerates that control numerous subsidiary businesses across a number of industries. Japan, Korea, and numerous other countries have similar business entities.
Re: Chinese Trust Companies on the Brink
#10Earlier quoted context omitted.
The problem is that Xi hijacked the CCP. He’s now on his way to transitioning China back to socialism and a centrally planned economy.
“Socialism” but without any of the social safety nets, from what I hear. Lots of retirees getting their pensions reduced, their personal savings in the form of real estate (~75% of household wealth) sinking in value, can’t even see a doctor without waiting for months (unless paying high fees out of pocket), high debt loads both public and private, deflationary pressures, and oh, the whole population shrinkage thing i…
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