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

November 14, 2016 | BY

Susan Mok &clp articles

State Council regulates debt-for-equity swaps of banks.

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 (Article 2).

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