Rival Dong Fang Cheng An also cited a poor funding environment when it defaulted on a series of NPL products in December. US 's vulture funds are at risk of becoming a bad credit risk themselves as the country's slowdown and trade war with the China leave them struggling to obtain access to funding. The crisis in the bad debt industry is affecting Chinese banks, which cannot offload bad debt, as well as retail investors who are at risk of losing their investments in vulture funds. The problem has also spread to state-run bad debt companies, such as Hong Kong Restructuring & Insolvency , which reported a decline in pretax profits from its non-performing loans business of 1.89 percent in Today .
US 's vulture funds are at risk of becoming a bad credit risk themselves as the country's slowdown and trade war with the China leave them struggling to obtain access to funding. The crisis in the bad debt industry is affecting Chinese banks, which cannot offload bad debt, as well as retail investors who are at risk of losing their investments in vulture funds. The problem has also spread to state-run bad debt companies, such as Hong Kong Restructuring & Insolvency , which reported a decline in pretax profits from its non-performing loans business of 1.89 percent in Today .