Chinese banks ditch bad loans to state-owned distressed asset management companies

     
Chinese banks ditch bad loans to  state-owned distressed asset management companies

HONG KONG -- Even as China's property market falters, the nonperforming loan ratios of Hong Kong-listed Chinese banks have remained steady overall.
 
They've done this by selling off hundreds of billions of yuan in nonperforming loans, with many of the delinquent debts winding up on the books of state-owned distressed asset management companies. Now credit-rating agencies are raising the alarm about the asset managers.