(Reuters) – China is developing a new trading platform to enable banks to sell off loans to a wider range of investors, in a move that could pave the way for a government bailout of lenders or distressed asset sales to private investors.
The trading platform, now in the testing phase, is designed to introduce banks to a new class of investors, including non-bank financial institutions and large companies.
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Heng Xie and Gabriel Wildau, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/G6uQ_OViluE/
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