• Mon
  • Dec 22, 2014
  • Updated: 3:42am

Non-performing loans

Shanghai allows city-owned firm to buy bad loans from local banks

Bank of Shanghai has troubled loans to struggling solar firms. Photo: Mark Ralston

The Shanghai government has given approval to a city-owned investment company to buy non-performing loans from local banks, state media reported yesterday.

Saturday, 8 March, 2014, 4:26am