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Global distressed-debt funds circle China again, eye $256 bn bad-loans mkt

NPLs on commercial bank balance sheets officially amounted to 1.67 trillion yuan ($256.80 billion) at the end of September

Reuters  |  Beijing 

Global distressed-debt specialists are stepping up their dealmaking in China after a decade, betting that the country is becoming serious about developing a market to tackle its $256 billion of official non-performing loans (NPLs). Groups such as Blackstone Group LP and Bain Capital Credit LP made their first investments in recent months, amid surging write-offs by banks and indications that China's commercial bad loans market is set to deepen. Oaktree Capital Group LLC last month agreed to buy a portfolio of distressed loans with a face value of 3.1 billion yuan ($476.70 ...

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First Published: Fri, January 05 2018. 14:43 IST
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