China Banking News reports some sobering figures from China, citing figures compiled by chnfund.com:
- The number of Chinese investments funds that have entered liquidation has seen a sharp rise since the start of 2018
- total of 124 Chinese funds have entered liquidation procedures in the first five months of 2018, as compared to 102 funds for full year 2017
- A further 22 funds have publicly convened investors' meetings to vote on liquidation arrangements
More:
- Data from financial data provider Wind indicates that this volume of liquidations is already 40% greater than the figure for 2017 as a whole, as well as 7 times greater than the figure for 2016.
- Industry insiders say that the lacklustre performance of Chinese capital markets alongside tighter regulation and an increase in small-scale "mini funds" with less than 200 million yuan in assets are key factors behind the accelerating spate of liquidations
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Useful to note that while the number of funds liquidating has grown sharply they may be smaller funds, which would reduce systemic risk I guess.
Oh yeah, what is "Dude, where's my bailout?" in Mandarin?
