SUBSCRIBERS
China bank regulator cracks down on improper bad debt transactions
It intensifies scrutiny of distressed asset managers as NPLs hit 10-year high of 1.27 trillion yuan
Published Mon, Mar 28, 2016 · 09:50 PM
Beijing
CHINA'S banking regulator has tightened up its scrutiny of the country's distressed asset managers in a bid to crack down on improper bad debt transactions with commercial banks, an internal document reviewed by Reuters shows.
China's asset management companies (AMCs) are prohibited fr…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US