Among the Big Four state-owned banks, China Construction Bank took the lead with a combined 200 billion yuan worth of debt-for-equity swap agreements. Photo: Nora Tam

Chinese investors grapple with financial implications of debt-equity swaps

Replacing ‘normal’ loans with equities would entail a much higher capital charge, analysts warn

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Among the Big Four state-owned banks, China Construction Bank took the lead with a combined 200 billion yuan worth of debt-for-equity swap agreements. Photo: Nora Tam
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