China accelerate efforts to open distressed debt market as more bad loans expected
China accelerate efforts to open distressed debt market as more bad loans expected

China accelerate efforts to open distressed debt market as more bad loans expected

 

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China's financial regulators appear to be accelerating efforts to tackle the bad debt by opening the market up to foreign participants in a bid to attract capital, tightening oversight of the sector, and establishing another national level AMC to join China’s big four.

China’s distressed debt market, which covers businesses that have teetered over into default or bankruptcy and are sold to investors at a discount, is dominated by non-performing loans (NPLs) from the real estate sector, which is expected to grow significantly this year.

While business in China is beginning . . .

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