Billionaire investor Wilbur Ross is considering the purchase of Chinese non-performing loans as the nation takes measures to allow banks to securitize the debt.
I’m “getting very interested in China in terms of distressed loans,” Ross, chairman of WL Ross & Co., said in a Bloomberg Television interview on Wednesday in response to the government’s plan to sell the loans as asset-backed securities. “If they do that with transparency and with reasonable pricing, that’ll be a very good help for the Chinese banks and it will create an opportunity for people like ourselves.”
Billionaire Wilbur Ross Says Interested In Soured Chinese Loans
Qualivian Investment Partners Up 30% YTD; Long ORLY Thesis
Qualivian Investment Partners commentary for the second quarter ended July 30, 2020. Q2 2020 hedge fund letters, conferences and more “Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500%.” - Ian Cassell Executive Summary Readers of investment letters fall into Read More