This is insane: 杨凯生：可尝试银行资产证券化，建议强制银行持有高风险级证券.
Don’t get me wrong, securitization and high-yield bond (junk bond, if you will) has their merits. But I have serious doubts on how it will work under the unusual Chinese banking system, not given that banks will be forced to have some.
I feel like having a lot to say, but I even don’t know where to start…
Take my advice. Be there. It will be a big party. Somebody will get incredibly rich. It will probably be you. Here’s the door. Don’t be late.
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