China will focus on lowering leverage ratios among state-owned firms to reduce debt risks

China state planner out with a statement 25 Sept

  • will push fwd with market-based debt-to equity swaps
  • as of 22 Sept value of debt to equity swaps in China have exceeded 1.3trln yuan
  • China state planner will further support mergers and acquisitions among firms
  • overall leverage ratio growth is slowing and stabilising

Zzzzzzzzzzzzzz. I really must get myself a proper job.

 «So, what do you make of the latest debt to equity leverage report?» Does it involve bamboo?»

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