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Debt Equity Conversions and NPL Securitization in China: Some Initial Considerations
Author:
Mr. James Daniel null

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,
Jose M Garrido null

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, and
Ms. Marina Moretti
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Series:
Technical Notes and Manuals
Volume/Issue:
Volume 2016: Issue 005
Language:
English
Publication Date:
26 Apr 2016
DOI:
https://doi.org/10.5089/9781513524153.005
ISBN:
9781513524153
ISSN:
2075-8669
Pages:
9
Keywords:
TNM; bank; debt-equity conversion; equity; debt; asset; Credit; bank lending; borrowing; bank regulation; insolvency; liquidation; non-performing; loan; corporate restructuring; governance; shares; bank ownership; NPL securitization; asset quality; equity holding; Nonperforming loans; Stocks; Distressed assets; Loans; Securitization; East Asia; Global
Legal-disclaimer:
This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This note considers the role debt-equity conversions and NPL securitization can play in addressing excessive corporate debt in China, and the corresponding burden on banks of impaired assets. It finds that such techniques can play a role, but getting their design right is critical, as is nesting them within a comprehensive, system-wide, plan.
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Cover Technical Notes and Manuals
Technical Notes and Manuals
ISSN:
2075-8669
Publisher:
International Monetary Fund