What does this imply?
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really hard to say but it is striking
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Who was the buyer? You guessed it, CalPers.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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It’s apparently defacto a household asset swap, since the Chinese govt has been cracking down on wealth management products from shadow banks and instead forces those savings into the banking system. I don’t think these stats by themselves tell us much more than that.
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However I’m not sure where I read that and I also might be completely wrong here since china is notoriously opaque
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Chinese banks issued more than 1 trillion yuan ($148 billion) in bonds to build capital in first three quarters of this year, more than triple the amount in 2014, according to data compiled by Bloomberg.