SASAC Wants State-owned Enterprises to Use Asset Securitisation, Debt Swaps, IPO’s to Deleverage

The State-owned Assets Supervision and Administration Commission (SASAC) is encouraging China’s central state-owned enterprises by cut debt levels and improve their capital structures via an expanded range of methods, including IPO’s, share placements, asset securitisation and debt-equity swaps.

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Fintech Contributes to 3 Trillion Yuan Decline in Chinese Personal Current Accounts and Cash

The personal current account and cash components of China’s money supply have seen a precipitous decline over the past six months in tandem with a sharp increase in personal fixed-term deposits and deposits at non-bank financial institutions, as cashless transactions  and money market accounts surge in popularity.

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