Syndicated loans being encouraged

2009-3-31 | NEWSPAPER EDITION

THE Shanghai Bureau of the China Banking Regulatory Commission is encouraging commercial banks to offer syndicated loans to support infrastructure projects in the local economy and trim banks' concentration on a single project, the local regulator said yesterday.

An almost 10-billion-yuan (US$1.46 billion) loan syndicate will be offered soon, the regulator said, without giving more details.

Investors plumping for bonds and trusts

SHANGHAI investors preferred trust and bond-related wealth management products and shunned investments linked to overseas markets in the third quarter as they sought stable returns, the local regulator said yesterday. ...