Recent Examples of state bank from the Web
And, as a rash of online lenders mushroom to fill the void left by state banks that won’t lend to most consumers, regulators say a viable credit-scoring system is increasingly critical as a safeguard against the risk of widespread defaults.
Other companies, including Anbang Insurance Group, Fosun International, and the HNA Group, have also capitalized on cheap loans provided by state banks to snap up trophy assets.
Ezubo was the biggest competitor in an informal finance industry that Chinese authorities allowed to flourish with little oversight over the past decade to support entrepreneurs who cannot get loans from state banks.
In June, a senior banking regulator warned that some of the country’s biggest companies could pose a systemic risk to state banks, reflecting Beijing’s anxiety that mounting debt levels could destabilize the Chinese economy.
The yuan was little changed, with some big state banks seen trying to stabilise it in early trade.
Some 70% is to be funded by Chinese investment with the rest paid for by the Laotian government, largely through loans provided by a consortium of Chinese state banks.
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