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Secret lists of state-owned ‘zombie’ firms compiled by local governments are not available to banks that would like to avoid lending to them

2 months ago
Sky Canaves
everal provincial-level governments have been unwilling to share lists of companies that will be wound down over concerns that banks would immediately halt financing, according to sources.
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.