China Macroeconomics & Academia

Christopher Balding

Thematic (Sector/Industry)

China Real estate / Thematic (Sector/Industry)

Dalian Wanda Commercial Properties (1567411D HK)

<p>There is strong reason to believe that Chinese mortgage debt is understated.  Mortgage related debt would need to double or triple to approach even remotely plausible levels.  This raises the possibility of hidden debt or debt that is linked to real estate that is classified as such.  We explore these issues and address possibilities and implications of these scenarios.</p>

There is strong reason to believe that Chinese mortgage debt is understated.  Mortgage related debt would need to double or triple to approach even remotely plausible levels.  This raises the possibility of hidden debt or debt that is linked to real estate that is classified as such.  We explore these issues and address possibilities and implications of these scenarios.

Beijing Huaye Capital Holdings Co.,Ltd (600240 CH)

Shanghai New Huang Pu Industrial Group Co., Ltd.  (600638 CH)

Shanghai New Huang Pu Industrial Group Co., Ltd. 

Huafa Industrial Co., Ltd. Zhuhai (600325 CH)

Suzhou New District Hi Tech Ind Co. (600736 CH)

Macrolink Culturaltainment Development Co., Ltd. (000620 CH)

Macrolink Culturaltainment Development Co., Ltd.

Beijing Urban Const. Inv. & Dev. Co. (600266 CH)

Myhome Real Estate Development Gp (000667 CH)

Poly Real Estate Group Co., Ltd (600048 CH)

Shenzhen Centralcon Invstmnt Hldg (000042 CH)

CASIN Real Estate Development Group Co., Ltd. (000838 CH)

CASIN Real Estate Development Group Co., Ltd.

Grandjoy Holdings Group Co., Ltd. A (000031 CH)

Zhongrun Resources Investment (000506 CH)

China Merchants Property Develpmt (200024 CH)

Beijing Capital Development Co, Ltd. (600376 CH)

Shanghai Lujiazui Finance & Trade Zone (600663 CH)

Shenzhen Worldunion Proprts Cnsltncy (002285 CH)

Hangzhou Binjiang Real Estate Grp (002244 CH)

Hubei Fuxing Science & Technology (000926 CH)

Zhejiang China Light &Textile Industrial (600790 CH)

Kunwu Jiuding Investment Holdings Co., Ltd. (600053 CH)

Kunwu Jiuding Investment Holdings Co., Ltd.

Zhejiang China Commodities City Group Co (600415 CH)

Jinan High-Tech Development Co., Ltd. A (600807 CH)

China Logistics Property Holdings (1589 HK)

Digging Beneath the Surface of Chinese Mortgage Lending