Finance: Debt disposal

(Shanghai Daily)
Updated: 2006-12-07 14:07

China will set up an asset management company in Liaoning, Jilin and Heilongjiang provinces to dispose of the local state-owned enterprise's non performing loans worth 140 billion yuan.

Zhang Guobao, vice minister of the National Development and Reform Commission, said yesterday that domestic and international institutions could take part in the disposal.


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