Financial Expert: China Facing Increasing Liquidity Crisis

Ron Wan is a financial expert in China and here is his pleasant bio.

Mr. Wan is an experienced investment banker and financial expert with more than 25 years of international investment banking experience in Asia and Greater China Region. He has rich experience in off-shore listing and reorganisation of various major Mainland Chinese enterprises in capital markets. He was also one of the pioneer investment bankers involved in the restructuring of state-owned enterprises in Mainland China and have deep understanding of the economic development and securities markets in the regional and Greater China markets.

He is also an Examination Committee Member of HKSI, Honorary Chair Professor of Renmin University of China and Founding Committee Member and Vice Chairman of CUAAFA. Mr. Wan was graduated from London School of Economics and Political Science with a Master’s Degree in International Accounting and Finance in early 90s. He has also served as senior management in various major multinational and regional financial institutions previously. During 2004 and 2012, Mr. Wan has achieved various awards in recognition of his achievements in the industry.

You can watch the video below and behold his logic. Or, I can save you the trouble and paraphrase what he said.

– China’s economy is worse than is being reported.
– Many people and companies are facing bankruptcy.
– There is a motherfucking liquidity crisis brewing. No one has cash.
– China needs to do something.

Cynics believe China is rigging its currency in order to offset losses due to Trump’s tariffs. But it’s entirely possible there is, in fact, a massive capital flight underway — which is crushing the yuan, and that would explain the liquidity crisis that is apparently brewing, according to the venerable Mr. Wan.