Some of the risk associated with debt equity swaps in China have now passed to ordinary householders. Photo: Simon Song

Debt equity swaps in China just a case of pass the parcel

Implicit guarantees from banks mean that when the music stops the banks are still exposed, though ordinary householders are now sharing the risk

Topic |   Broker's View

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Some of the risk associated with debt equity swaps in China have now passed to ordinary householders. Photo: Simon Song
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