China to be ‘mother of all distressed opportunities’

China’s mounting credit woes will spawn a huge range of distressed and restructuring deals, argue investment specialists. “When the credit cycle turns in China, it’s going to be the mother of all restructuring and distressed opportunities,” says Stephen Cannon, head of China at Redbridge Group, a boutique investment bank. He argues there is evidence of the beginnings of a credit crisis in the mainland, with shadow banking being a root cause. Speaking on a panel at the Latham a…