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  • THE ECONOMIC OBSERVER
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    Commercial Banks Stop Providing Loans to Local Financing Platforms

    管理員

    Many commercial banks have begun to stop issuing loans to local financing platforms after receiving instructions from their supervisory body to cease lending to the institutions. This policy is especially targeted at financing platforms that have been used by local governments to fund public works that don't generate any profit and will mainly rely on local government revenue to be paid off.

     

    Source
    China Securities Journal


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