Caixin
Apr 06, 2016 02:35 PM

This Time, Let's Get Debt-Equity Swaps Right

The value of swapping debt for equity has again become a hot discussion topic among government officials looking for a way to resolve the nation's corporate debt problem. And investors like what they're hearing. The stock market rallied after the State Council told government departments to work out guidelines for a new swaps program – some 12 years after the successful conclusion of a similar project.

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