There has been increasing interests to purchase Chinese non-performing assets by foreign investors, as a Chinese financial asset exchange platform saw increasing transaction volumes this year, mostly driven by NPL deals.
Shenzhen Qianhai Financial Assets Exchange, a financial asset exchange platform under Ping An Insurance（Group）Company of China, has seen its cross-border transaction volume increase, with NPL deals accounting for around 70% of all cross-border transactions, deputy general manager Zhan Yuhong told Chinese media outlet The Economic Observer.
Transaction volume of cross-border NPL assets in the exchange reached RMB7 billion (USD1 billion), and has been increasingly rapidly in the past year. Zhan said the increasing deals in NPL purchases was due to supportive policies to encourage foreign investment in the sector.
Shenzhen Qianhai Financial As...
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