The death of Yu Lei, an investment manager in China, sheds light on murky municipal financing practices. Yu Lei made a fortune in a now-banned fundraising practice but ended up detained and betrayed, leading to his suicide in Shanghai. Municipal bond deals are under scrutiny for potential financial risks and distortions in coupon rates.
Many people don't realize that despite the huge run-up in interest rates globally, China remains a very low-interest environment, which is creating this kind of problem for domestic companies trying to raise money by issuing zero-coupon bonds https://t.co/rSdE7zavc5
Many municipalities and their coordinated Govt policies are becoming a potential financial risk and could be impacting municipal bonds. Our nation’s major cities are united because most mayors are aligned with 1 political party who has policies making it difficult and expensive… https://t.co/4RIXiZjWSl
Yu Lei, an investment manager who made a fortune in a now-banned fundraising practice only to end up being detained by authorities and betrayed by his business partners, killed himself earlier this month at his home in Shanghai, sources with knowledge of the matter told Caixin.…
In Depth: Yu Lei, an investment manager who made a fortune in a now-banned fundraising practice only to end up detained by authorities and betrayed by his business partners, killed himself earlier this month at his home in Shanghai, sources told Caixin. https://t.co/kpqbScdqfL
The death of a bond prince sheds lights on China's murky municipal financing, writes @shuli_ren. Nebulous bond deals are popular at the municipal level, with some investors and underwriters earning extra fees and distorting coupon rates https://t.co/X7bEaM1Omx via @opinion
The death of a bond prince sheds lights on China's murky municipal financing, writes @shuli_ren. Nebulous bond deals are popular at the municipal level, with some investors and underwriters earning extra fees and distorting coupon rates https://t.co/cGpkx68JZT