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China to agree to 50b yuan of bad loan securitisation: sources

Friday, February 26, 2016 - 05:50

Shanghai

CHINA will allow domestic banks to issue up to 50 billion yuan (S$10.7 billion) of asset-backed securities based on their non-performing loans (NPLs), the first quota for such sales since 2008, people familiar with the matter said.

The quota, which will initially be

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