The chairman of Industrial & Commercial Bank of China -- Yi Huiman -- says the country's Big Four state-owned commercial banks will be included in the country's debt-to-equity pilot scheme.

The Big Four include ICBC, Bank of China, Agricultural Bank of China, and China Construction Bank. The Big Four asset management companies are also joining. That group is led by China Huarong Asset Management and China Cinda Asset Management, a firm specializing in sour debt investment.