The China Banking Regulatory Commission [CBRC], the nation’s banking regulator, ordered banks to close a regulatory loophole that allowed them to get around lending quotas at a time Beijing looks increasingly concerned about credit risks amid an economic slowdown. China’s regulator ordered banks to move loans that they had transferred to trust companies back to their balance sheets by the end of next year. – WSJ
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!