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China to agree to 50b yuan of bad loan securitisation: sources
Published Thu, Feb 25, 2016 · 09:50 PM
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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…
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