Some analysts believe that Beijing will need to soften its ‘no bailout’ stance in the event of a financial crisis. Photo: AFP

China’s finance ministry tightens ‘no bailout’ policy targeting regional companies, financing vehicles

Beijing tells provincial authorities that state-owned enterprises and other entities are not eligible for government life support

Topic |   Banking & Finance

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Some analysts believe that Beijing will need to soften its ‘no bailout’ stance in the event of a financial crisis. Photo: AFP
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