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Dealing in debt
HOME > PAST ISSUE > REPORTS [Premium content]January 2007
The groups tasked with selling off China's bad debts face a challenge in keeping investors interested
December 31 was significant for China's financial industry. This was the day when the first wave of bad loans from the Big Four state banks - US$170 billion taken off their books in 1999 - was supposed to be cleared.
The deadline wasn't met but the work of the asset management corporations (AMCs) set up to manage the non-performing loans (NPLs) was not the embarrassing underperformance expected this time last year after much foot-dragging over sales.
The deadline wasn't met but the work of the asset management corporations (AMCs) set up to manage the non-performing loans (NPLs) was not the embarrassing underperformance expected this time last year after much foot-dragging over sales.
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