Some 16.33 billion yuan (US$2.36 billion) worth of securities backed by non-performing loans were issued by Chinese banks between May last year and the end of March this year. Photo: AFP

NPL-backed securities sell off to quicken this year

Bad debts from credit cards to property loans being wrapped up together and sold on by burdened Chinese banks

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Some 16.33 billion yuan (US$2.36 billion) worth of securities backed by non-performing loans were issued by Chinese banks between May last year and the end of March this year. Photo: AFP
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