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Let's face it: the hottest sector in China this year is subprime credit. At least 10 top lenders will each make over US$200m in net profit this year alone. A total of 14 top players are waiting in the wings to go public in the US and Hong Kong.
It is a chaotic scene. It has significant political and business implications.
A nervous participant in the sector, I just wrote a new book to analyse it: the major players, their weaknesses, and their outlook.
It is available at Google Play.
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