Swap shop.

The article discusses China's State Administration for Industry and Commerce November 2011 Measures for the Administration of the Registration of Debt-for-Equity Swaps for Companies which became effective on January 1, 2012. Outlined is a summary of the measures governing, among others, debt restructuring, private equity investment and the swap procedure. An outlook on the measures' impact on China's business and investment climate and related or preceding legislation are discussed.