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

Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech

Register Now

Want to read this important story?

Access thousands of news articles and data posts over the past 9 years!

Already have an account or paid subscription? Log in