SOEs steps up deleveraging via debt-to equity swap
(WorldNews Business)

China`s State-owned enterprises (SOEs) will play an exemplary role in controlling debts and reducing financial leverage, according to a report by Economic Information Daily on Monday. To date, 12 centrally administered SOEs have entered into debt-to-equity swaps framework agreements in a bid to deleverage, the newspaper reported. Debt-to-equity swap deals are an important tool for SOEs` deleveraging. With the progress of such deals, enterprises will be in a better...