Well someone had to do it, page-185

before taking on the guarantee, DXF would have make sure their loan is extra extra secure. In the case where the worst happen, like now. if they can’t claim 100% at least they can retrieve 90% which should be sufficient.

these guys have been in the guarantee business for over a decade, iam sure they know the risk they’re taking on, otherwise they would not have survived this long.

also, i’d be worry if these default was caused by a major market recession or some sort of crisis in china. But no, there
is currently no financial crisis in China. these looks like they’re isolate cases.