China’s Debt To Equity Swaps
Throughout 2016 the topic of China’s monumental debt mountain was the most discussed in the financial community. Even Chinese policymakers themselves began to take a serious look at the issue, and official recognition of the problem emerged in March as the state began to sanction debt for equity swaps.
These swaps may only delay the inevitable for some companies, but they are more symbolic than anything else. The debt for equity swap program is just one of many tools in the Chinese government’s regulatory toolbox as it attempts to stabilize overall debt levels and companies have been jumping...
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