HONG KONG -- Chinese banks are increasing their sales of bonds backed by bad debts, but the market's growth has yet to ease investor concerns about the quality of assets held by lenders in Asia's biggest economy.
Issuance of securities that promise investors the returns from non-performing loans hit a record 47.7 billion yuan ($6.71 billion) in 2023, up 54% from the previous year, according to S&P Global (China) Ratings.
