The China Banking Regulatory Commission wants foreign banking expertise to help reform and strengthen the banking industry in the Northeast, The Standard of Hong Kong reported Friday, citing bank regulators. CBRC took representatives of 33 foreign lenders to visit bank managers and government officials in Liaoning, Heilongjiang and Jilin provinces. The aim is to prevent an increase in defaults on loans for autos, mortgages and highway construction, the watchdog commission said in a statement.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved