It’s China, it’s bad loans, and it’s securitisation

It’s China, it’sbadloans, andit’ssecuritisation

What could possibly go wrong?

It looks increasingly likely that China is gearing up for another round of bad-loan cleansing with asset management companies seemingly beingpreparedforsome more NPLabsorption and a move towards what might be loosely termed market-based approaches to restructurings.

It looks like this will include securitisation, which Chinese authorities have been dipping their toes back into since a Lehman-burning, according to SocGen’s Wei Yao (with our emphasis):Continuereading: It’s China, it’sbadloans, andit’ssecuritisation

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