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Why A Default (Or Two) May Actually Be Good For Investors
Aggregated Source: China Money Network
The author is Michael Werner, senior research analyst covering the Chinese and Hong Kong banks at Sanford Bernstein & Co. At the end of January, investors in an RMB3 billion trust product were bailed out in the 11th-hour by an undisclosed entity as the product narrowly escaped default. Even though investors lost a year's worth […]

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