China’s banking regulator has asked the country’s banks to step up financial support for debt-laden domestic companies, warning creditors against withdrawing support from troubled firms struggling to pay back what they owe.
The China Banking Regulatory Commission today said in an announcement published on its official site that financial institutions in the banking industry should strengthen management of creditor rights and “maintain economic and financial order” as they help loss-making companies turn things around.
Aussie mortgage rates will continue rising
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Australian households have already been hit harder than almost anywhere
else by rising mortgage rates: This surge in debt servicing costs has
helped driv...
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