China Orient Asset Management to issue bonds to resolve risks in property sector

China Orient Asset Management to issue bonds to resolve risks in property sector

Shanghai, China. Photo by Liam Li on Unsplash

China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in  China‘s interbank bond market to resolve risks in the property sector.

China Orient is one of China‘s four big asset management companies (AMCs) that were originally set up to dispose of non-performing loans from major state banks.

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