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
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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 package soured loans into notes sold to investors. While a central bank official said in May such products are under study, regulators this month declined to comment on the plans. Only three Chinese firms have issued such bonds before a 2009 halt to all asset-backed securities that ended in 2012 with products tied only to performing assets.
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