Gov't Financing through Shadow Banking System Restricted
(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.
- 'Important Information' vs. Information that Is Important
- Lenovo Completes US$ 2.91 Bln Deal to Buy Motorola Mobility
- Large Railroad Manufacturers Said to Consider Merger
- Village Remake
- APEC Preview
- Skies Overhead
- Two or Three Things about Mr. Lu Xun
- Film: The White Haired Witch of Lunar Kingdom
- Exhibition: The Past
- Wake up, Europe
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- For China's Property Market, All Is Not Lost
- Cai Jinyong: A Chinese Voice at the Top of IFC
- 4 Chinese Ships Stuck in Mexico since May over Iron Ore Dispute
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts
- China Builds in Africa, but the Foundations Are Shallow