Agricultural Bank of China is the first of China’s big state-controlled banks to set up a subsidiary to conduct debt-to-equity swap business. Photo: Reuters

Agricultural Bank of China leads push among China’s big five banks to set up debt-to-equity swap arms

Topic |   Banking & Finance

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Agricultural Bank of China is the first of China’s big state-controlled banks to set up a subsidiary to conduct debt-to-equity swap business. Photo: Reuters
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