Press "Enter" to skip to content

Chinese regulator to step up scrutiny on bill financing practice

China’s banking regulator will step up checks on banks' practice of commercial bills after the Premier Li Keqiang warned over risks of arbitrage behind the surging bill financing in January. Several banks have kicked off self-review of the practice of commercial bills.

The authority will tighten scrutiny to ensure that all funds are invested in the real economy reduce financing costs for businesses, said Wang Zhaoxing, vice chairman . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Original and in-depth reporting on China's economy and financial markets
  • 7 * 24 Wire that delivers the earliest possible alerts of market-moving news and tailored insights from China
  • Details, data and perspectives you don't read elsewhere
  • Daily Brief newsletters to get you prepared for every trading day
  • Weekly newsletter with Editor's Picks

 

Already have an account? Sign In

Top