The Chinese government is focusing on tackling debt of “zombie enterprises” while reducing the leverage levels across the state-owned sector. “The next step is to continue the de-leveraging of state-owned enterprises [SOE], with a combination of SOE reform, ridding of excess capacity and reducing costs,” the government said in a statement issued today after a State Council meeting presided by Premier Li Keqiang. Please login/register to view this content.
Houlihan Lokey said Edward Middleton, formerly a partner of KPMG, has joined the firm as managing director and co-head of financial restructuring, Asia alongside Brandon Gale. Please login/register to view this content.
Understanding the Chinese market and investors’ strategies is key to successful fundraising