China is using wealth management funds to bail out bankrupt companies through off balance sheet loans.
Wealth management funds could be sourced from private investment, superannuation , international investment, government investment, investment banking.
Which investment banks are involved. Macquarie linked to bankrupt Chinese property developer,
Handan Golden Century, is struggling to repay ($506 million usd) Handan Golden Century guarantor for a trust product launched last month by the Sino Australian International Trust Company (SATC), which is just under 20 per cent owned by Macquarie.
