Chinese President Xi Jinping during a visit to China Zhongwang Holding in northeast China's Liaoning Province on Sept. 27, 2018. Zhongwang, based in Liaoyang, is China’s largest privately owned producer of aluminium extrusion products. Photo: Xinhua

China’s bankers grapple with new credit rules to private borrowers as officials sow confusion with flip-flopping policies

  • At least a third of new loans should go to private companies, with the ratio going up to 50 per cent in three years, the bank regulator said last week
  • In a country where the state’s influence is felt everywhere, what exactly is a private company, bankers ask
Topic |   Banking & Finance

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Chinese President Xi Jinping during a visit to China Zhongwang Holding in northeast China's Liaoning Province on Sept. 27, 2018. Zhongwang, based in Liaoyang, is China’s largest privately owned producer of aluminium extrusion products. Photo: Xinhua
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