1337 $#!+ I did thatWe are about to learn the term "shadow bank" just like the new words "subprime mortgage" and "derivatives" in 2007. Jeffries Financial Group is the first "bank" to fail after the First Brands bankruptcy. Systemic risk is up and the too big to fail is now private equity and hedge funds who have been frauding. Is the #trump admin going to bail out the oligarchs with your tax dollars? Of course!
JeremyJupiterJones 
#NZTwits need to join the dots.
New Zealand PM's "Fast Track" offers to Blackrock
El Club De Los Físicos Muertos#China ha experimentado una burbuja inmobiliaria descomunal alimentada por #ShadowBank s y promesas de altas rentabilidades. Todo eso se ha volatilizado de forma similar a lo que pasó en #España en 2008 con una diferencia: la cantidad de dinero y la duración
Norobiik @#Zhongzhi Enterprise Group, a Chinese shadow bank with deep ties to the country's #PropertySector, filed for bankruptcy Friday. The group no longer has the means to pay off its debts.
A Chinese #ShadowBank is the latest casualty of the country’s #PropertyMarketCrisis , declaring bankruptcy with up to $65 billion in debt
https://fortune.com/asia/2024/01/08/zhongzhi-china-shadow-bank-declares-bankruptcy-real-estate-property-crisis/
Back toot Zhongzhi: https://noc.social/@Norobiik/111718502810635883
Back toot Evergrande: https://noc.social/@Norobiik/111718596658587658
Back toot CountryGarden: https://noc.social/@Norobiik/111525892611534047
Zerlina Zeng of CreditSights discusses the #ShadowBank's decision to file for #bankruptcy liquidation, and says "the contagion effect to the broader wealth management market is not very severe" #ShadowBanking #China #WealthManagement
Chance of Chinese government throwing #Zhongzhi a lifeline is 'very low,' analyst says [VIDEO]
https://www.msn.com/en-us/money/companies/chance-of-chinese-government-throwing-zhongzhi-a-lifeline-is-very-low-analyst-says/vi-AA1mBIFi?ocid=emmx-mmx-feeds
#Beijing-based #Zhongzhi controls nearly a dozen asset and wealth management firms. It is considered part of #China’s $3 trillion #ShadowBanking industry, a sector that forms an important source of finance in the country.Last week, Zhongzhi told its investors that it is “severely insolvent.”
More executives go missing in China — this time linked to troubled #ShadowBank Zhongzhi
https://edition.cnn.com/2023/12/01/business/china-executives-missing-zhongzhi-intl-hnk/index.html
Back toot : https://noc.social/@Norobiik/111463674945275518
#Zhongzhi, an asset and wealth management company in #China’s #ShadowBanking sector, said its total assets amounted to 200bn yuan (£22.5bn) against obligations of up to 460bn yuan, in a letter to shareholders issued on Wednesday. #PropertyMarketCrisis #CountryGarden
Chinese #ShadowBank admits £30bn shortfall after ‘management ran wild’ | Chinese economy | The Guardian
https://www.theguardian.com/business/2023/nov/23/chinese-shadow-bank-zhongzhi-30bn-shortfall-china-property-market
Back toot CountryGarden: https://noc.social/@Norobiik/111327908324134866
http://bit.ly/3rmY8rW
On #Twitter I started talking about #ShadowBanks during 2008 financial crisis
When I found out that Chinese #ShadowBank sector was worth uS$ 3 trillions, my jaw almost fell to the floor.
There is the money of the Chinese who has been told that she/he should save for his old age instead of spending it on having children
That money is not guaranteed by the People's Republic of China
I told u that this will have repercussions, it didn't take them long to agree with me.
On #Twitter I started talking about #ShadowBanks during 2008 financial crisis
When I found out that Chinese #ShadowBank sector was worth uS$ 3 trillions, my jaw almost fell to the floor.
There is the money of the Chinese who has been told that she/he should save for his old age instead of spending it on having children
That money is not guaranteed by the People's Republic of China
I told u that this will have repercussions, it didn't take them long to agree with me.
Philippe Scoffoni1/3 des actifs banquiers dans le monde gérée par des #shadowbank
https://buff.ly/2GZtzyI
soit 32 000 milliards de $
Le prochain grand crack systémique ? Les chinois s'y attaquent en tout cas https://buff.ly/2BRqvRU