China’s total non performing loans reached 2.2 trillion yuan (US$317.77 billion) at the end of March, 2019. Photo: Reuters

China looks to local asset management companies to help tackle bad loan problem, but Moody’s flags risks

  • Rapid growth in local distressed asset management companies represents shift from prior model, Moody’s says
  • More than 50 provincial level licensed distressed asset management companies now in operation; most were created in the last three years
Topic |   Banking & Finance

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China’s total non performing loans reached 2.2 trillion yuan (US$317.77 billion) at the end of March, 2019. Photo: Reuters
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