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China's large banks wary of bad loans swap plan

Lack of clarity on how government will convert to equity up to 1.27 trillion yuan of bad debt owed to banks mostly by SOEs and on level of support that state will provide

Shanghai

CHINA'S proposal to deal with a potential bad-loan crisis by having banks convert their soured debt into equity is meeting with unexpected resistance from some of the biggest potential beneficiaries of the plan: the country's large banks.

Asked about the plan at the Boao

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