Chinese bad debt exchange opens channel to foreign investors

Shenzhen-based QEX first to open onshore NPL market to global fund managers. China’s largest financial asset exchange is increasing sales of bad debt to overseas investors in the country’s latest attempt to find new buyers for its expanding pool of non-performing loans. The Rmb1tn ($147bn) market, called the Qianhai Financial Assets Exchange, was launched by the Shenzhen …

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