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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes