Caixin OnlineFinance & EconomicsTop Stories Finance Gov't Financing through Shadow Banking System Restricted
01.04.2013 17:47

Gov't Financing through Shadow Banking System Restricted

Local governments seeking to build public infrastructure projects banned from raising funds through trusts and buy-back contracts
By staff reporters Chen Fashan and Yang Na

(Beijing) -- Four central government ministries have issued rules intended to regulate local governments' financing of infrastructure projects, mainly targeting fund-raising in the growing shadow banking system.

According to a notice published by the Ministry of Finance, the National Development and Reform Commission, the central bank and the China Banking Regulatory Commission, local governments are banned from raising funds from the public and through buy-back contracts.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Which Way for China's Economy?

One road leads to deflation-fighting stimulus spending, the other to digging out of stimulus-induced debt


Issue 91
July, 2015

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Which Way for China's Economy?
One road leads to deflation-fighting stimulus spending, the other to digging out of stimulus-induced debt
Issue 91
07.01.2015

Subscribe       |       Newsletter        |        FAQ