Issued: September 22 2016
Main contents: The government will not compel enterprises, banks and other institutions to participate in debt-for-equity swaps. The government shall not bear ultimate liability for losses
State Council, Guiding Opinions for the Market-oriented Conversion of Bank Claims to Equity
国务院关于市场化银行债权转股权的指导意见
State Council regulates debt-for-equity swaps of banks.
By
Susan Mok
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