January 13, 2020 / 8:14 AM / a month ago

Chinese firms implemented $203 bln debt-to-equity swaps in 2019

BEIJING, Jan 13 (Reuters) - Chinese firms implemented 1.4 trillion yuan ($203 billion) debt-to-equity swaps in 2019, the vice chairman of China’s banking and insurance regulator said on Monday.

China will take different measures to dispose of risks from some high-risk institutions besides Baoshang, Jinzhou and Hengfeng banks, Xiao Yuanqi, spokesman of the regulator told a press conference in Beijing. ($1 = 6.8964 Chinese yuan renminbi) (Reporting by Yawen Chen and Ryan Woo; Editing by Toby Chopra)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below