China’s local debt clean-up squad

CHINA ADVISORY - Report 17 Jan 2020 by Andrew Collier

The four original Asset Management Companies (AMCs) established to handle bank non-performing loans have been expanded with the addition of more than 60 local AMCs. They are integral to the disposal of bank NPLs, which are increasing in size. The shift from central to local AMCs means Beijing is increasingly relying on a combination of local state and local private capital to recapitalize defaulting corporates.

However, we question whether private funds and weakly capitalized state firms will continue to supply the capital required due to tighter liquidity conditions.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.