China's Bad Debt Funds Are No White Knights in Property Crisis.

DEBT; INTEREST rates; LOANS; FINANCIAL crises; STAY-at-home orders; COLLECTING of accounts

As recently as February regulators were looking to the AMCs as a solution to the crisis, calling on Huarong and China Cinda Asset Management Co. to help restructure weak developers, acquire stalled property projects and buy soured loans. Keywords: 1167Z@CH; 1359@HK; 165@HK; 2799@HK; 600067@CH; CITIC@CH; GRWZ@CH; ONEX@CN; ALLTOP; ASIA; ASIATOP; BNK; BON; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; HK; INDUSTRIES; MARKETS; REL; WORLD; WWTOP; WWTOPAS EN 1167Z@CH 1359@HK 165@HK 2799@HK 600067@CH CITIC@CH GRWZ@CH ONEX@CN ALLTOP ASIA ASIATOP BNK BON BUSINESS CHINA COS FIN FRX GLOBALMACR HK INDUSTRIES MARKETS REL WORLD WWTOP WWTOPAS RGN7G9DWRGG1 Aggressive lending to embattled developers during the sector's boom years has beset the $730 billion funds with heavy credit losses, sending their bonds tumbling and forcing Beijing to weigh a preliminary plan to restructure the sector, according to people familiar with the matter. [Extracted from the article]

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