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China Speeds up Bad Loan Disposal: Daily

CHINA PRESS
MNI (Sydney)

Chinese regulators are increasing efforts to deal with banks' non-performing loans for the rest of the year as data and official statements indicated considerable future risks, the Economic Information Daily reported. The efforts come as the so-called "Big Four" SOE asset management companies said they would acquire more non-performing assets. Many local AMCs have started a new round of capital increases and expanded their financing channels, preparing for the disposal of non-performing assets, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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