Debt Equity Conversions and NPL Securitization in China: Some Initial Considerations

James Daniel, Jose Garrido and Marina Moretti

No 2016/005, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 9
Date: 2016-04-26
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