Chinese Companies Are Allowed to Swap Debt for Equity
BY LINGLINGWEI —Chuin-Wei Yap contributed to this article.
The Wall Street Journal Europe
Oct 11 2016
BEIJING—China announced a loan-relief plan that could help companies reduce their mounting debt loads but leave banks more strapped for capital. The plan announced Monday by the State Council, China’s cabinet, lets companies give their lenders equity…read more…