China Evergrande Group has become the latest Chinese company to be given a talking-to by the country’s top financial regulators.The People’s Bank of China (PBOC) and China Banking and Insurance Regulatory Commission (CBIRC) said on Thursday that they had summoned China Evergrande executives for a meeting, urging the world’s most indebted developer to keep operations stable and actively diffuse debt risks.“As a leading real estate company, Evergrande must earnestly implement the stable and…
Source : South China Morning Post
Read more…Chinese regulators summon Evergrande executives, urge them to keep operations stable, diffuse debt risks
