All posts tagged "Cinda"
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340ChinaPBOC Directs FIs to Finance Distressed Developers: Report
About 12 developers will be supported by banks and distressed debt managers in the first wave of the programme.
April 28, 2022 -
630ChinaChina Continues Work to Defend Against Property Sector Woes
Lenders are being asked to accelerate lending to homebuyers and developers. Bad debt managers are being asked to buy up property assets and help restructure smaller lenders.
February 25, 2022 -
229Capital / LiquidityCBIRC Offers New Model for Trust Firms to Dispose of Bad Assets
Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.
May 14, 2021 -
528Capital / Liquidity
CBIRC Grants Launch Approval to New National Bad Debt Manager
China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.
December 21, 2020 -
715ChinaChina to Enhance Oversight of National Bad Debt Managers
The reforms are said to be in part aimed at shielding the Ministry of Finance from risk. The Ministry is the largest shareholder of each of the national AMCs.
March 27, 2020 -
727Capital / LiquidityChinese Distressed Asset Exchange to Boost Foreign Investor Access
Qianhai Financial Assets Exchange, the Chinese first exchange to sell bad debt to foreign investors, seeks to simplify processes to enable easier access for investors overseas.
August 30, 2018 -
667ChinaChina Seeks ‘Bad Bank’ AMCs’ Help to Resolve P2P Crisis
The government is asking the 4 state-owned asset managers set up in 1999 to repair bank balance sheets for help with custody, liquidation and restructuring of P2P assets.
August 20, 2018
