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China's National Equities Exchange and Quotations saw the debut of five new small- and medium-sized enterprises in the first week after the Spring Festival holiday. [Photo/IC]
China's asset management business expanded slower in recent years as authorities tightened regulations to contain risks arising from wealth management products.
China's banking sector disposed of around 2 trillion yuan (0 billion) in nonperforming loans last year. About 19,200 creditors' committees were set up nationwide, supporting debt-for-equity swaps totaling 1.4 trillion yuan, according to the regulator.
China's "two sessions", the country's biggest annual political event, may be postponed this year due to the novel coronavirus outbreak.
China's banking regulator has recently approved the establishment of CCB Financial Asset Investment Co Ltd, the first market-oriented debt-to-equity swap company, with a registered capital of 12 billion yuan.
来源：资阳报