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China mulling over bad-debt securitisation to cut bad loans

Only 3 Chinese firms have issued such bonds before a 2009 halt to all asset-backed securities

Hong Kong

CHINA is facing calls to bring back an instrument to fight bad loans it had deemed too dangerous after the global financial crisis: debt tied to failed assets.

China Construction Bank Corp (CCB) said in August it's exploring bad-debt securitisation, in which lenders