The government has signalled that.......>

CHINA PRESS: The government has signalled that market-based debt-to-equity swaps

will be sped up and more non-bank financial institutions will be involved,

reported China Securities Journal on Thursday. 

  - Entities which implement such swaps and capital resources will be

diversified, said Vice Chairman of CBRC Wang Zhaoxing. The SASAC also said SOEs

have already prepared capital for more participation in the market;

  - However, non-bank financial institutions could invest in zombie companies,

leading to a waste and mismatch of resources and harming China's supply-side

structural reform; 

  - Economists have suggested establishing a ban list of zombie companies for

such swaps.