Press "Enter" to skip to content

China counts on asset management companies to help address local governments’ debt risks


Chinese authorities have allowed asset management companies to acquire matured debt that local government financing vehicles (LGFVs) are unable to repay, in a move to dissolve risks from local governments' hidden debt, according to the 21st Century Business Herald.

"The debt obligations can be transferred to asset management companies (AMCs) through debt restructuring in a market-oriented way and the process should comply with relevant laws and regulations," according to the report, citing people from a local . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In