China Orient Asset Management gains Approval to Issue Bonds to Resolve Risks in the Property Sector
Shanghai- The China Orient Asset Management reported its approval to issue up to 10 billion yuan bonds in China’s interbank bond market to solve risks in the country’s property sector.
China Orient, one of the country’s biggest asset management companies (AMCs) was established to get rid of non-performing loans from major state banks in China.
Recently, China’s financial regulating officials had a meeting with the country’s major bad loan companies to analyze the relevance of asset management companies in the disposal of developers’ assets.
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