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Experts call for more deleveraging funding

By Wang Yanfei | China Daily | Updated: 2018-09-12 07:44

A key measure to reduce the corporate debt burden is expected to see further progress in the coming months, with experts and business leaders calling for even more funding to facilitate deleveraging moves of debt-laden companies, in particular State-owned enterprises.

Financial regulators will undertake more supportive measures to overcome obstacles that have hampered debt-reduction programs, and heavily indebted State-owned enterprises will be the key target for deleveraging, according to a leading expert on financial regulatory matters, who declined to be named.

China's debt-to-equity swap initiative has appeared to gather pace in recent months, supported by a slew of preferential measures to promote such programs. They aim to help lower debt burdens of enterprises by converting corporate debts into equities to be owned by entities established by the nation's major banks and private capital.

Experts call for more deleveraging funding

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