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Private investors may find opportunities to take on bad debt of state-owned enterprises via local asset management companies

3 months ago
Sky Canaves
any of China's 27 provincial-level asset management companies are backed by private investors, and lower-level governments are now looking at setting up similar entities to offload non-performing loans at a fraction of their face value.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.