The Fed's Own Worst Enemy ft. Michael Kao & Harry Melandri
Real Vision: Finance & Investing
Chinese Investments
- Michael Kao recounts his last investment in China in 2012, focusing on convertible and capital structure arbitrage with Suntech Power.
- Despite seemingly sound fundamentals, a subsidiary's misappropriation of funds led to significant losses.
- This experience made Kao wary of the Chinese market, leading him to avoid further investments despite potential opportunities.
- He highlights the lack of trust in the Chinese framework, suggesting speculation but not long-term investment.
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