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Opinion: The government should allow private equity funds to get involved in debt-equity swaps

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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.
1 year ago
Sky Canaves
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.
China in 2 minutes a day
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