China Orient Asset Management Co. (COAMC), one of the big four Chinese state-owned asset companies tasked with dealing with the country’s bad debt, is planning to raise around RMB100 billion (US$16 billion) to invest in China’s non-performing loans. The company’s board secretary Jianxiong Chen announced the news earlier this month at a press conference in Beijing. At the same time, COAMC also said that it had secured new strategic investments totaling RMB18 billion (US$2.9 billion) from the National Council for …

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