we might get an answer in coming weeks and months.
China to Nullify Loan Guarantees by Local Governments:
China Cracks Down On The Shadow Banking System That Is Inflating Its Real Estate Bubble:
China to Nullify Loan Guarantees by Local Governments:
China plans to nullify all guarantees local governments have provided for loans taken by their financing vehicles as concerns about credit risks on such debt increases.
China Cracks Down On The Shadow Banking System That Is Inflating Its Real Estate Bubble:
China would step up work to monitor non-banking financing, said the China Banking Regulatory Commission (CBRC) Tuesday in a statement on its web-site.
More focus would be put on businesses in connection with trust companies and the real estate sector to prevent banks from using non-banking financing to circumvent policies, said Liu Mingkang, chairman of the CBRC.
