Local Bad Banks Become Major Players in China’s Bad Loan Market

Since 2013, when China’s banking regulator first started approving the establishment of local asset management companies (AMCs) to help clean up the bad loans in China’s financial system, it has been difficult to gauge the extent to which these “bad banks” have contributed toward clean-up efforts. That’s because the local AMCs—which, by our count, numbered 47 at the end of … http://bit.ly/2JD6xjU

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