For debt-ridden companies like Dongbei Special Steel, debt-to-equity swaps are often an attractive solution. However, their creditors may find the idea harder to swallow. Photo: Reuters
Xie Yu
Opinion

Opinion

Across The Border by Xie Yu

China’s debt-to-equity swap plan may struggle to take off

The program will face significant challenges including stakeholder interest conflicts and finding new capital sourcing, analysts say

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For debt-ridden companies like Dongbei Special Steel, debt-to-equity swaps are often an attractive solution. However, their creditors may find the idea harder to swallow. Photo: Reuters
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