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China’s ‘vulture fund’ industry for private investment in bad debt is set to grow as defaults pile up

3 months ago
Sky Canaves
nvesting in non-performing loans in China centers largely on the real estate used as collateral, though finding opportunities to profit could be challenging as the sellers of distressed assets seek higher prices and buyers turn to more debt to finance their purchases.
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.