ANNOUNCED AS TEMPORARYNo
Bailout (capital injection or equity participation)
On the 27th of November, 2017, the Chinese government announced a plan to turn the nation into a 'world class' place for marine engineering and infrastructure.
To achieve this, two channels of financial assistance will be pursued. Firstly, 'struggling', but nationally important, marine engineering firms that are experiencing 'temporary difficulties' with repayments will be helped with the means of 'various types of debt financing measures'. The example given is 'market-facing debt-to-equity swapping'.
The plan will run from 2017-2020.
⚑ Please report this page in case you detect an inaccuracy in its content.