Opinion: The government should allow private equity funds to get involved in debt-equity swaps
"By allowing private-sector participation in debt-equity swaps, China could kill three birds with one stone: advance SOE deleveraging, strengthen corporate governance in the state sector, and enhance economic efficiency," writes Yao Yang, director of the China Center for Economic Research and dean of the National School of Development at Peking University.
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May 26, 2017