Foreign banks scramble to get piece of China's bad-debt AMCs

Lai Xiaomin, chairman of China Huarong Asset Management, found his schedule packed one morning in January with back-to-back meetings in Beijing with visitors from Goldman Sachs and Morgan Stanley.

via Business feed http://www.scmp.com/business/china-business/article/1328132/foreign-banks-scramble-get-piece-chinas-bad-debt-amcs