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Special Situations

Chinese NPL Investment Firm Goes Bust With Billions At Stake, Executives Arrested

In a sign of the challenges facing the distressed debt market in China, a Chinese investment firm in the non-performing…

Hong Kong-Based Dignari Hits Final Close Of Second China-Focused Fund At $626M

Dignari Capital Partners, a Hong Kong-based company that specializes in credit and special situations investments, has hit the final close…

Robert Petty: Credit Markets Are Compelling As China Strives To Dispose Bad Debt

As China's bad debt ratio hit a 10-year high in 2018, Asia-focused special-situation investment firm Clearwater Capital Partners sees compelling…

China-Based Primavera Capital Group Attracts $75M From US Pension Fund

Primavera Capital Group, a China-based investment firm specialized in private equity and special situations, has collected up to US$75 million…

Chinese Regulator Seeks To Rein In Local Bad Loan Managers

Chinese regulators are planning to introduce new rules - potentially the first regulation in the country's bad loan disposal sector…

Marc Lasry Stays On The Sidelines For China Distressed Debt And Is Not "Focused On" Bitcoin

Marc Lasry, the co-founder of distressed debt investment firm Avenue Capital Group, said he is staying on the sidelines for…

Local AMC Buys $1.48B Non-Performing Loans From China Orient

Henan Asset Management Co., an asset management company in central China's Henan province, has inked a deal with an affiliate…

Hong Kong-Based PE Firm PAG To Raise $1B For Third Special Situations Fund

Hong Kong-based alternative investment management firm PAG is seeking to raise up to US$1 billion for its third special situations…

Chinese Banks Write Off $146B Bad Debts In 2018 To Accelerate NPL Disposal

Chinese banks wrote off non-performing loans (NPLs) worth a total of US$146 billion in 2018, as bad debt rose while…

Decision Makers Share Diversified Insights On Insolvency And Restructuring In Greater China

The Greater China Restructuring Forum 2019, hosted by the Company and Insolvency Law Society (COINS) with China Money Network as…

China Orient To Aid Struggling Shenzhen Credit Finance In First Attempt To Assist P2P Lenders

Four months after Beijing urged its state-owned bad debt managers to help alleviate the rising debt problems in China's peer-to-peer…

Banks In Provinces With Smaller GDP Struggle With Higher Bad Debt

Banks at Chinese provinces with smaller GDP sizes are suffering faster accumulation of bad debt, putting additional pressure to these…

Nine Chinese Banks Swap Debts Of Troubled Yingkou Part Group To Equities

A week after China's National Development and Reform Commission issued a notice to encourage financial institutions to expand their debt-to-equity…

The Hon. Mr. Justice Jonathan Harris: How Can Hong Kong Remain A Competitive Regional Restructuring Hub?

China Money Network's next Hong Kong event is taking place on January 16, 2019 at the city's renowned Convention and…

Stock Market Woes Lead To Increasing Share Pledge Lawsuits With Big Four AMCs Eyeing For Opportunities

China’s plummeting stock market has triggered margin calls for many listed Chinese companies' key shareholders who have pledged their shares.…

Foreign Investors Accelerate Chinese NPL Purchases As Cross-Border Deals Increase

There has been increasing interests to purchase Chinese non-performing assets by foreign investors, as a Chinese financial asset exchange platform…

Chinese Asset Management Firms Beef Up Bad Loan Disposal

Chinese asset management companies (AMC) have accelerated disposal of their non-performing loans, as prices of bad debt continue to decline…

Chinese Banks Shy Away From Non-performing Asset ABS Market

Since the 2016 launch of asset-backed securities (ABS) market for non-performing loans (NPL) in China, the space has not taken…

Howard Marks: Oaktree Is Looking At Actively Investing In Chinese Equities

Howard Marks, founder of distressed debt powerhouse Oaktree Capital Management, says his firm is actively investing in Chinese equities because…

Chinese Agricultural Banks See Rising Bad Loans While More Are Expected

Chinese agricultural banks are seeing their non-performing loan ratio increase rapidly, as one of the hardest hit segments in the…

Waste-To-Energy Firm Shengyun Environment Defaults On $31M Bond Payment

Anhui Shengyun Environment-Protection Group, a Chinese company engaged in solid waste treatment businesses, has failed to pay RMB215 million (US$31…

China’s Distressed Market Cools As Investors Retreat And Liquidity Dries Up

China's distressed debt market is cooling rapidly as investors retreat because of tightened capital market conditions. Bad loan supplies continue…

Bankruptcies In China Continue To Increase Steadily In 2018

The number of bankruptcies in China continues to increase steadily as Beijing pushes on initiatives to shut down zombie enterprises.…

Bohai Steel Group Enters Bankruptcy Proceedings Two Years After Its Debt Crisis Erupted

Bohai Steel Group, a debt-stricken state-owned enterprise, has entered bankruptcy proceedings as Tianjin Higher People's Court accepted its creditor Tianjin…

Delayed Bond Payment Of Xinjiang Quasi-military Organization Raises Concerns On China’s Local Debts

An affiliate of a quasi-military organization in China's Xinjiang Uyghur Autonomous Region delayed interests and principal payment, raising concerns over…

China Huarong Expects Profit Decline Amid Former Chief Lai Xiaomin’s Corruption Investigation

China Huarong Asset Management Co, one of China's big four state asset management companies (AMC), is expecting a significant profit…

China’s Ping An Bank Sets Up Subsidiary To Manage Debt-To-Equity Swaps

China's Ping An Bank Co., Ltd. announced that it will set up a subsidiary targeting to raise RMB10 billion (US$1.46…

Great Wall Asset Management Receives $1.78B Investment To Expand NPL Investment

Great Wall Asset Management Co., Ltd., one of the big four Chinese state-owned asset management companies (AMC) tasked to manage…

Chinese Real Estate Developers Turn To Asset-Backed Securities To Live Through Credit Drought

As Chinese real estate developers feel the squeeze from tightened liquidity while Beijing manages financial risks, China's home-builders have turned…

Chinese Rural Commercial Banks See Bad Loans Soar As Regulators Force Tighter Rules

Chinese rural commercial banks have seen increasing non-performing loan ratio and deteriorating asset qualities, as five out of six banks…

Chinese State-Owned Conglomerate Sinomach’s Unit Defaults On $30M Bond Payment

Corporate bond defaults are rising in China, and the latest is a Beijing-based state-owned group that controls 1,177 subsidiaries and…