China's top bank regulator has expressed concern over loans made by local government companies, saying Beijing was prepared to dispatch investigators across the country to check the debt carried by these vehicles.
Liu Mingkang, head of the China Banking Regulatory Commission, said yesterday China's financial institutions had until the end of June to submit “comprehensive” reviews of their loan books.
Localities in China have borrowed heavily from banks for pet investment projects, often posting vacant land as collateral. Unofficial estimates of their exposure run as high as Rmb11,400bn ($1,670bn).
您已閱讀24%（602字），剩余76%（1929字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。