China's financial institutions, including its troubled brokerages, some of which have collapsed due to mounting debt owed to investors, will get some help from China's central government that has announced it would provide loans to financial institutions so they can retire their debt, state media reported. The government's bailout would cover individual bank deposits and securities issued by financial institutions, including any that have been misappropriated while entrusted to the financial institution. Futures companies and insurers are excluded from the bailout.
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