50 bln yuan's bad assets promoted in Beijing

China Orient Asset Management Corp held a bad assets promotion on April 18 in Beijing in an attempt to promote more than 50 bln yuan's bad assets.

The bad assets promoted comprise 50 bln yuan's claim assets and 4 bln yuan's equity assets. The assets cover fields including textile, chemical industry, foreign trade, real estate in more than 20 provinces and autonomous regions like Guangdong, Shandong, Hubei, Hunan, Zhejiang, Shanghai and Liaoning etc.

By People's Daily Online