Why CBRC's Pudong Bank fine spells good times for stronger corporates
In an attempt to fix naked malfeasance, the latest ticket from China’s banking regulator will keep banks on the straight and narrow. That will help higher-rated borrowers.
China's banking regulator has hit Shanghai Pudong Development Bank with a fine of Rmb462 million ($72 million) after the bank was caught out for trying to cover up its non-performing loans.
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