Huarong chief talks China’s deleveraging challenges

Lai Xiaomin, chairman of China Huarong Asset Management, says China’s expanded debt-for-equity swap programme is bound for success, subject to some regulatory tweaks.

When it was announced in October 2016, Beijing’s plan to expand debt-for-equity swaps into the private sector was hailed as the ultimate solution to China’s notoriously onerous corporate debt problem.

¬ Haymarket Media Limited. All rights reserved.

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