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by Analemma_
3337 days ago
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Even if you could get in, you'd probably have even more trouble getting out, what with capital controls and all. I wouldn't feel FOMO though, this is a dangerous game, see https://www.wsj.com/articles/chinas-short-term-lending-boom-.... Short-term borrowing costs in China are going up, not because more people need actual overnight loans, but because the government is trying to deflate the bubble by making it harder for risky borrowers to get longer-term loans, and borrowers are responding by just getting overnight loans and continuously rolling them over. But this can't last forever. A bunch of smaller Chinese banks have already gone bust from these overnight loans. Funds like this are going to be the first to go when the music stops in China. |
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