P2P 'Bank Run' China

gustapher
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P2P 'Bank Run' China Aug 13, 2018 5:37:02 GMT ozboy likes this

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Post by gustapher on Aug 13, 2018 5:37:02 GMT

Whilst I would generally recommend against using Zero Hedge as a basis for making financial decisions I thought this article was interesting:

www.zerohedge.com/news/2018-08-12/social-unrest-breaks-out-china-after-panic-bank-run-peer-2-peer-lenders

It highlights recent problems with liquidity and sentiment in the P2P sector in China. This is something we've experienced here to a much lesser degree so I thought it was worth posting as there are some interesting parallels.

patright Posts: 187 Likes: 77	P2P 'Bank Run' China Aug 13, 2018 5:56:53 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by patright on Aug 13, 2018 5:56:53 GMT The once booming P2P market in China is ending in a disaster I hope it's not what's coming to us www.zerohedge.com/news/2018-08-12/social-unrest-breaks-out-china-after-panic-bank-run-peer-2-peer-lenders

patright Posts: 187 Likes: 77	P2P 'Bank Run' China Aug 13, 2018 5:59:27 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by patright on Aug 13, 2018 5:59:27 GMT apologies , I had not seen your thread and posting a similar one, not sure if possible to delete mine Indeed, it's interesting and when you see the strange regulation in Europe and the UK, I am not even sure they can be called that

benaj Member of DD Central Posts: 4,866 Likes: 1,593	P2P 'Bank Run' China Aug 15, 2018 9:57:08 GMT via Tapatalk Quote Select Post Deselect Post Link to Post Back to Top Post by benaj on Aug 15, 2018 9:57:08 GMT Stop worrying about Chinese debt, According to FT, gross domestic saving rate is high, 48 per cent, which almost $6tn of new savings each year.

cwah
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P2P 'Bank Run' China Aug 17, 2018 0:03:16 GMT via mobile

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Post by cwah on Aug 17, 2018 0:03:16 GMT

Aug 15, 2018 9:57:08 GMT benaj said:

Stop worrying about Chinese debt, According to FT, gross domestic saving rate is high, 48 per cent, which almost $6tn of new savings each year.

Are you saying that Chinese save in average half of their income? That's enormous

Mike
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P2P 'Bank Run' China Aug 17, 2018 8:25:45 GMT ozboy likes this

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Post by Mike on Aug 17, 2018 8:25:45 GMT

Aug 17, 2018 0:03:16 GMT cwah said:

Aug 15, 2018 9:57:08 GMT benaj said:

Stop worrying about Chinese debt, According to FT, gross domestic saving rate is high, 48 per cent, which almost $6tn of new savings each year.

Are you saying that Chinese save in average half of their income? That's enormous

Take into account the open secret of monster capital flight and "domestic saving" at 48% sounds even more unbelievable. But... This is a Chinese figure. They almost never stand up to even basic sense-testing scrutiny.

benaj
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P2P 'Bank Run' China Aug 18, 2018 18:17:42 GMT paul123, ozboy, and 1 more like this

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Post by benaj on Aug 18, 2018 18:17:42 GMT

Well, 48% is not a Chinese figure, it is a number by an article written by FT. Here's another article written by Forbes claiming 90% of families in the country own their home,

www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes/

Post by gustapher on Aug 13, 2018 5:37:02 GMT

Post by patright on Aug 13, 2018 5:56:53 GMT

Post by patright on Aug 13, 2018 5:59:27 GMT

Post by benaj on Aug 15, 2018 9:57:08 GMT

Post by cwah on Aug 17, 2018 0:03:16 GMT

Post by Mike on Aug 17, 2018 8:25:45 GMT

Post by benaj on Aug 18, 2018 18:17:42 GMT