Reflections on a Wandering Life.....
Thursday, October 21, 2004
Went to the Beijing Investor's Forum this evening at the John Bull Pub in the Chao Yang district. This event is sort of an outreach by some folks from BICF. There was a lecture by a guy who is putting together a company to buy non performing loans (bad debts) in China. The way it works is that they will buy bad loans for a very small cost, and then collect from the debtors at a fraction of what they originally owed. It's a very interesting idea, but right now they are looking for about six million US dollars. I think I may have to bow out this time. I'd have to break my piggy bank to come up with the kind of money they're talking about.