China’s Market News: Major SOE was Rejected to Swap Debt into Equity

Troubled Chinese state-owned enterprises are eager to solve their debt problems. However, it appears as if not all of them are allowed to use debt-to-equity swaps.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2016/07/26/Chinas-Market-News-Major-SOE-was-Rejected-to-Swap-Debt-into-Equity-.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:china_news