Date
17 October 2017

CBRC mulls launch of new policy lender, govt says

China might set up new policy-driven financial institutions next year to advance banking reforms, according to a statement on the China Banking Regulatory Commission’s website Tuesday. At the same time, the government is requiring all banks to make full use of their bad-loan write-off policies, strengthen regulation and cap outstanding loans to local governments. The commission has also asked lenders to give more support to a range of sectors, including food production, emerging industries and urbanization.

– Contact HKEJ at [email protected]

MY/AC/SK

 

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