Chinese firms implemented $203b debt-to-equity swaps last year

Chinese firms implemented $203b debt-to-equity swaps last year

Beijing, China. Photo: Raj Eiamworakul/ Unsplash

Chinese firms implemented 1.4 trillion yuan ($203 billion) in debt-to-equity swaps and disposed of 2 trillion yuan in soured debt last year as they moved to allay financial risk, the country’s banking and insurance regulator said on Monday.

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