Shenzhen Leads China’s Effort To Attract Foreign Capital In Cross-Border Transfer Of Non-Performing Loans

Since a pilot program to explore cross-border transfers of non-performing loans (NPL) was launched in Shenzhen in 2015, approximately RMB6.8 billion (US$1.06 billion) of NPL were transferred as of May 24 in an effort to attract foreign capital to help China better manage its growing pile of bad loans.

China Money Network

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