五千年(敝帚自珍)

主题:李克强休克疗法与陷入资金贫血的中国城市地图 -- 思想的行者

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家园 in the end, all those

structured finance products will flow back to the balance sheet of various Chinese banks, pension funds, social security funds, etc., and hijacked the whole Chinese financial sector.

Actually, Chinese elites have already opened the floodgate of securitization around 2009 (first small scale test, then spread like wild fire). Lots of so-called "wealth management" products are in effect CDOs, but in a very primitive form, AS PRIMITIVE AS THE CAVEMAN AGE TECHNOLOGY. hahaha.

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