Shanghai WFOE Registration Service
Shanghai Hotline:021-68877368
CHINA’S central bank is preparing regulations that would allow commercial lenders to swap non-performing loans of companies for stakes in those firms, two people with direct knowledge of the new policy said.
The new rules would reduce commercial banks’ NPL ratios, and free up cash for fresh lending for investment in a new wave of infrastructure products and factory upgrades that the government hopes will rejuvenate the world’s second-largest economy.
NPLs surged to a decade-high last year as China’s economy expanded at its slowest momentum in a quarter of a century. Official data showed banks held more than 4 trillion yuan (US$614 billion) in NPLs and “special mention” loans, or debts that could sour, at the year-end.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling Shanghai Hotline: 021-68877368, 18101640557
Fax：58402186
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai