There are no official statistics on corporate bad debts, but non-performing loans at banks have hit 1.39 per cent. Photo: AFP
There are no official statistics on corporate bad debts, but non-performing loans at banks have hit 1.39 per cent. Photo: AFP

China's finance ministry grants 'bad bank' licences for non-financial distressed assets

Legal framework and parameters for company assets the AMCs can buy seen as poorly defined

There are no official statistics on corporate bad debts, but non-performing loans at banks have hit 1.39 per cent. Photo: AFP
There are no official statistics on corporate bad debts, but non-performing loans at banks have hit 1.39 per cent. Photo: AFP
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