I think that is not specific to this P2P failure but no doubt Meidu have borrowed alot using shares as collateral. This whole China debt bubble is going to bite them and unfortunately us in the ass big time one day.
I was reading today the the way China counts GDP is input based not output?? WtF.
So Beijing tells all the apparatchiks how much they are allowed to lend for the year and they have to meet that target. If they do then ok we did 6.4% GDP growth. Wrong!!!!
https://www.theaustralian.com.au/bu...y/news-story/5ce92664d716cf5acd60c7469b193206
Ann: Preferred Lead Contractors Selected for Finniss Project, page-49
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |