Chinese asset management companies (AMC) have accelerated disposal of their non-performing loans, as prices of bad debt continue to decline amid a cooling market. China Cinda Asset Management Co., Ltd, one of China’s "Big Four" AMCs, recently sold two large portfolios at significant discounts of as much as 80% of the asset’s face value, according […]

Chinese Asset Management Firms Beef Up Bad Loan Disposal appeared first on China Money Network.