Kyle Bass Sees China's Wealth Management Products as Key Risk
Kyle Bass, Hayman Capital Management's chief investment officer and managing partner, discusses China's economy and the global risks to financial markets with Bloomberg's Erik Schatzker at the Milken Institute Global Conference. (Source: Bloomberg)
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Kyle Bass, founder of Hayman Capital Management, warned that ballooning assets in Chinese wealth management products are another sign of a looming credit crisis in the nation.
"Some of the longer-term assets aren’t doing very well," Bass said on Bloomberg TV from the annual Milken Institute Global Conference in Beverly Hills, California. "As soon as liabilities have problems all hell breaks loose."