July 12, 2021
The global economic downturn has left a growing wave of defaults and non-performing loans (NPLs) in its wake in China. At the end of 2020, the Chinese banking sector’s NPL balance amounted to 3.5 trillion yuan. Kobre & Kim’s Jason Kang will join a panel discussion at the 7th China NPL Management and Restructuring Summit in Shanghai on what distressed Chinese companies can do on July 15, 11:30 am local time.
During the discussion, “Is Restructuring the Best Debt Solution for Distressed Enterprises Despite a Wave of Defaults?”, Mr. Kang will dive into topics including analyzing the diverging outcomes of Founder Group and Baoshang Bank’s defaults; looking into whether local financing platforms will really go bankrupt; and uncovering what creditors and bondholders should do in the wake of a cross-border bond default.
Mr. Kang will be joined by Dong Wang of Goho AMC, Linyu Yang of Begonia Capital and Fei Mo of Dentons LLP.