Analysis

Bad Banks
 
Financial Asset Exchanges
 
May 3, 2018

Financial asset exchanges are a distinctly Chinese type of financial institution. There are dozens of financial asset exchanges operating around the country as electronic auction houses and online fundraising platforms. They operate as a place where equity in state and private companies that are not listed on a stock exchange can be marketed and auctioned openly. They’re used by leasing… READ MORE


Bad Loans
 
Provincial NPL
 
Bad Banks
 
March 12, 2018

In 2014, the China Banking Regulatory Commission (CBRC) started approving the establishment of local asset management corporations (AMCs)—otherwise known as bad banks—to compete alongside the Big Four AMCs (Cinda, Huarong, China Orient, and Great Wall) that had been operating at the national level since 1999. Although the new provincial AMCs were granted the right to buy batches of nonperforming loans… READ MORE