Saturday, July 19, 2025

China Clearing Away its Corporate Debt

From the Asia Times Big five Chinese banks will set up Asset Management Companies to Tap Debt-for-Equity Swap China’s big five state-owned banks plan to set up asset management companies (AMCs) to take advantage of the debt-for-equity swap that is part of the central government’s push to reduce corporate debt. Caixin reported on Wednesday morning that the banks will announce plans