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The Rise of the LGFV

  • Andrew Collier
Chapter

Abstract

The chapter describes the creation and importance of non-governmental channels for capital raising primarily through a new type of company, called the local government financing vehicle (LGFV). It explains the historical origins of government investment companies. It also discusses the General Corporation of Shanghai Municipal Corporation and the promotion prospects for local officials who promote investment projects. It analyzes one of the largest LGFV defaults, the Liansheng Group and the founder, Xing Libin. It describes the visit to the One Thousand Tree Farm, an eco-tourist LGFV outside of Nanjing. It analyzes the public company, China Vast, and its relationship to local governments.

Keywords

Local Government Bank Loan Local Official Investment Company Chinese Leader 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Andrew Collier
    • 1
  1. 1.Orient Capital ResearchHong KongHong Kong

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