CBRC: Keep Lending

Fast FT: CBRC asks Chinese banks to step up support for troubled firms
China’s banking regulator has asked the country’s banks to step up financial support for debt-laden domestic companies, warning creditors against withdrawing support from troubled firms struggling to pay back what they owe.

The China Banking Regulatory Commission today said in an announcement published on its official site that financial institutions in the banking industry should strengthen management of creditor rights and “maintain economic and financial order” as they help loss-making companies turn things around.

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