Debt-to-equity swaps could help China but firms must restructure -IMF

Debt-to-equity swaps could help China but firms must restructure -IMF

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

China‘s massive corporate debt problem could be eased through debt-to-equity conversions or securitization of non-performing loans, the International Monetary Fund said on Tuesday, but only if these apply to viable firms that undergo restructuring.

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