As relief measures end this month, Cambodian lenders will have to set aside appropriate provisions for nonperforming loans.
February 8, 2022JV AMCs can provide banks more flexibility to manage bad debts, while also providing relief to borrowers who are unable to service their debt or face a collateral liquidation threat.
February 3, 2022The CBIRC has reportedly helped to facilitate the provision of liquidity support to Huarong until August through loans from state-owned banks.
May 18, 2021Huarong’s failure to publish its earnings by its 31 March deadline has prompted concerns of a default by China's largest distressed debt manager.
April 16, 2021From 1 July, the new operational framework will lift restrictions that have to date prevented trading in debt securities that have defaulted on redemption.
June 28, 2020Jiantou Citic Asset Management will transition into a financial asset management company, making it the first new national distressed debt manager authorised since 1999.
March 18, 2020Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers to deal with bad loans, particularly those from P2P lending platforms.
February 28, 2020Offshore funds have to rely on accounting and law firms throughout the three- to four-year life cycle of a transaction in China, at cost of up to 15% of the transaction's value.
February 18, 2020Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020An ICBC unit will invest up to 3 billion yuan for a more than 10% stake in Bank of Jinzhou, whose auditor quit in May citing loan inconsistencies.
July 29, 2019