You are here

China may let insurance funds take part in firms' debt-to-equity swaps

[BEIJING] China is considering allowing insurance funds to participate in debt-to-equity swaps of distressed firms, the insurance regulator said on Thursday.

The regulator also supports insurance funds taking part in state-owned firms' mixed ownership reforms, Jia Biao, vice-head of the capital operation department, told reporters in a briefing in Beijing.

He also said the regulator will step up supervision of the use of insurance funds.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom