Saturday, January 25, 2014

ICBC bailout of trust product unlikely





Beijing appears to be shoring up its resolve to resist pressure for a bailout of a 3 billion yuan (HK$3.8 billion) trust product that is seen as a test of the willingness of authorities to push ahead with moves to reduce risks in the financial system caused by spiralling debt.









via Business feed http://ift.tt/1cc0sT9

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