Date
17 December 2017

Corporate debt under control, paper says

There is no evidence of default or incomplete settlement on 100 billion yuan (US$16.05 billion) worth of corporate debt under government monitoring, China Securities Journal reported Friday, citing the National Development and Reform Commission (NDRC). About 20 billion yuan worth of corporate debt has been settled. Meanwhile the NDRC wants local administrations to ensure smooth payment of such debt to protect investors, the report said.

– Contact HKEJ at [email protected]

EL/AC/RA

 

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