World News: 04:53 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
Chinese distressed debt investors are seizing the upper hand in the big rush by banks to offload soured loans. For Wu Rui, with almost two decades of experience in the distressed debt business, that’s changed with bad loans soaring. “Most investors felt the pain in a market that was favorable to sellers in the past few years, but now it’s leaning to the buyers,” said Wu, executive director for mezzanine and credit investment at CDH Investments.
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