We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Undead debt

12 October 2016 By Pete Sweeney

China latest debt swap is a clever piece of balance sheet engineering. The government wants to swap corporate debt for equity without bailing out banks or borrowers. But unless the state forces deals through, there won’t be much appetite from either side.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)