China crackdown on bad debt forces wave of loans on the market

A tightening of credit and a crackdown on bad debt at banks in China has led to a flood of non-performing loans hitting the market at increasingly low prices. The supply of bad debt in China, estimated at $3tn last year, is expected to grow significantly in 2018, as regulators force banks to deal with bad assets after years of unbridled lending. Insiders struggle to … https://on.ft.com/2O476ki

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.