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Opinion: China’s plan to have banks swap bad debt for equity stakes is unlikely to have much impact on reducing credit risk

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Shifting risks between the same group of banks and related financial institutions isn't going to solve this problem," writes Christopher Balding. "Banking regulators need to press actual deleveraging and what are expected to be significant recapitalizations."
5 months 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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