China Says Securitization of Nonperforming Loans Still Has a Long Way to Go

Securitizing nonperforming loans (NPLs) has had a limited impact on the reduction of NPLs since China re-launched a pilot securitization program two years ago, the Chinese government said in a recent report.

The report identified four major issues that the pilot program faces, which China re-started in 2016 after putting it on hold following the financial crisis.

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