Feb 17, 2014 05:49 PM

Bad Debts Are Good Opportunity for Country's AMCs

(Beijing) – One man's trash is another man's treasure. This is especially true of a company that makes money off assets others want to unload.

The amount of bad loans in the country's banks reached 598 billion yuan as of November 30, up nearly 108 billion yuan from the beginning of the year. That accounted for 1.05 percent of all outstanding loans, compared with 0.97 percent when the year began.

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