Regulator to tighten working capital rules
By Zhang Ran | China Daily | Updated: 2009-07-31 08:00
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Customers make inquiries about banking services at a bank in Foshan, Guangdong province. The banking regulator has urged lenders to ensure that working capital loans are not misused by borrowers. Yin Hong |
The banking regulator said yesterday that it would strengthen its controls on loans made by banks for corporate working capital in order to make sure the money is put to proper use.
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