This file photo taken on September 17, 2021 shows a man walking past a housing complex by Chinese property developer Evergrande in Guangzhou. Photo: AFP
After giving borrowers a scolding, China vows faster fund transfers
  • The NDRC said it would smooth the way to meet borrowers’ ‘reasonable needs’ in debt swaps, registering dollar bonds and remitting foreign currencies to pay their coupons and interests
  • The NDRC also subjected the debtors to a tongue-lashing. Borrowers must ‘optimise their foreign debt structure,’ abide by ‘financial discipline and market regulations’ and ‘strictly use the funds raised in accordance with their stated purposes,’ the NDRC said
27 Oct 2021 - 11:12PM