CBRC fines Haier in-house bank for ‘non-compliant’ loans
China’s banking watchdog sets down a marker on how in-house banks should lend money. The size of the fine, however, is modest.
Haier Finance Co., the in-house bank of consumer electronics and home appliances manufacturer Haier Group, received a slap on the wrist in the form of a fine over how it lends out its funds.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior financial professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
