Quote

China Daily (USA) - - NEWS CAPSULE -

Although the bank­ing sec­tor does face a cer­tain level of pres­sure brought by bank­ruptcy and re­struc­tur­ing, debt– to-eq­uity swaps will not lead to a sys­temic cri­sis.’’

Wang Zhaox­ing, as­sis­tant chair­man of the China Bank­ing Reg­u­la­tory Com­mit­tee

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