{"id":464037,"date":"2017-02-27T17:00:00","date_gmt":"2017-02-27T13:00:00","guid":{"rendered":"http:\/\/nhub.news\/?p=464037"},"modified":"2017-02-28T00:25:41","modified_gmt":"2017-02-27T22:25:41","slug":"bad-banks-spread-across-china","status":"publish","type":"post","link":"http:\/\/nhub.news\/fr\/2017\/02\/bad-banks-spread-across-china\/","title":{"rendered":"\u2018Bad Banks\u2019 Spread Across China"},"content":{"rendered":"

More than three dozen asset-management companies are vacuuming up bad debts from Chinese banks. But it\u2019s more like sweeping the problems under the rug.<\/b>
China is going back to basics when it comes to bad-debt management.
Beijing has unveiled a slew of tactics to clean up the dud loans in its banks\u2014from debt-to-equity swaps and bad-loan securitizations to over-the-counter selling of bad assets. It is also reverting to a strategy of cleansing the system of nonperforming assets: so-called bad banks.
Part of a pilot initiative in 2013, there are now 35 such local asset-management…<\/p>\n

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