February 7, 2018 / 11:11 AM / 4 months ago

China says will take more steps to lower corporate leverage level

BEIJING (Reuters) - China will take more measures, including market-based debt-to-equity swaps, to lower corporate leverage levels, state radio quoted a cabinet meeting as saying on Wednesday.

The government will roll out a mechanism to restrain assets and liabilities of state-owned companies, encourage introducing strategic investment and push forward mixed ownership reform, it said.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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