Global Distressed Investments Forum: China NPL market on the rise

China’s official non-performing loan (NPL) ratio is just 1.74% with portfolios up for grabs worth US$250 billion, according to the government. But the true figure could be up to US$1 trillion, two speakers argued at an event in London last week, as they discussed opportunities and stumbling blocks for investing in the People’s Republic – a market so big investors could hunt for things to buy “with possibly no competition”.