China Bad-Loan Issue Not as Bad as Bass Makes Out, CICC Says

  • Most that banks could lose is about $1.5 trillion: CICC
  • Hayman Capital's Bass had earlier flagged $3.5 trillion loss

Kyle Bass.

Photographer: Jonathan Fickies/Bloomberg

China’s bad-loan problems are “not as serious as” Hayman Capital Management’s Kyle Bass claimed earlier this month, according to China International Capital Corp., the investment bank Morgan Stanley helped create in 1995.

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