ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Bad loan shuffle: How Chinese state companies make debts disappear

Deal involving Shandong-controlled entities highlights complexity of such maneuvers

HONG KONG -- The chairman of China's Shandong International Trust was happy to talk about how the state-owned company weathered the tough economic climate of last year.

Speaking at SDITC's annual earnings briefing last week, Wan Zhong pointed to a 25% year-on-year increase in assets under management and a 27% surge in pretax profit to 591.23 million yuan ($86 million), among other bright spots.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more