China Fuels Speculation Debt-for-Equity Swaps Starting SoonBloomberg News
State Council statement seen as signaling trial will go ahead
Swaps may be tool for tackling build-up of leverage, bad debt
China’s cabinet fueled speculation that the nation is pressing ahead with debt-to-equity swaps that would give lenders stakes in some companies as part of tackling a build-up in corporate leverage and bad loans.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.