The Institutional Risk Analyst

The markets got their rate cut over the past six months and now may have to give some of that back.

Our view is that China has been caught in a debt deflation for the past five years.

Beijing will not allow Chinese firms to list their shares offshore unless they ensure that their business and the related data are protected

In December this past year, Chinese lender Citic Bancorp warned that the high-flying HNA Group was having trouble paying its considerable short-term debts. After building a $40 billion pile of investments around the world largely funded with debt, HNA seems to have reached the end of its ability to grow further, both in financial and political terms.