CCB is well ahead of its peers in debt for equity swaps. The debt for equity programme was envisaged by the Chinese government to cut corporate debt by 120 trillion yuan (US$18 trillion). Photo: Reuters

CCB way ahead of other state lenders in debt for equity swaps

Officials reiterate that such programmes are innovative financial services and do not seek assured returns

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CCB is well ahead of its peers in debt for equity swaps. The debt for equity programme was envisaged by the Chinese government to cut corporate debt by 120 trillion yuan (US$18 trillion). Photo: Reuters
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