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China Ponders Tool Deemed Too Risky Post 2008 to Cut Bad Loans

By Tony Seruga

China Construction Bank studying securitizing bad loans
Gauging risk is China’s “Achilles heel,” R&R Consulting says

China is facing calls to bring back an instrument to fight bad loans it had deemed too dangerous after the global financial crisis: debt tied to failed assets.

China Construction Bank Corp. said in August it’s exploring bad-debt securitization, in which lenders package soured loans into notes sold to investors. While a central bank official said in May such products are under study, regulators this month declined to comment on the plans. Only three Chinese firms have issued such bonds before a 2009 halt to all asset-backed securities that ended in 2012 with products tied only to performing assets…

China Ponders Tool Deemed Too Risky Post 2008 to Cut Bad Loans

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