China allows more banks to securitize non-performing assets

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China allows more banks to securitize non-performing assets
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China allows more banks to securitize non-performing assets

BEIJING — China has expanded a pilot program to allow more domestic banks to issue securities backed by non-performing assets, Xinhua-run Shanghai Securities News reported Tuesday. Commercial banks including China Minsheng Bank, China Everbright Bank, and China CITIC Bank were among the institutions recently selected for the program, the newspaper reported. China started a pilot program…

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