China framing new rules to enable debt-to-equity swaps

China is drafting rules to make it easier for lenders to convert bank loans into equity stakes of debtor companies, a move that would help authorities clean up the nation’s highest levels of soured credit in a decade. China’s central bank and the country’s top economic planning agency are tasked… » The post China framing new rules to enable debt-to-equity swaps appeared first on DealStreetAsia. Via:: Deal Street Asia