April 19, 2018 / 8:38 AM / in a month

China Orient AMC plans $16 bln investment in soured debt in 2018

BEIJING, April 19 (Reuters) - China Orient Asset Management Co said on Thursday it plans to invest 100 billion yuan ($15.93 billion) in non-performing loans this year.

The comments were made by Jianxiong Chen, the board secretary of the company at a press conference in Beijing. ($1 = 6.2782 Chinese yuan) (Reporting by Shu Zhang and Engen Tham; Editing by Sunil Nair)

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