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Banks and other financial institutions in China should prioritise lending to qualified mines and power plants so they can increase thermal coal and electricity output.
Evergrande, China’s biggest home builder, said on Friday morning that it would be “at full stretch and by all means possible” keep operations stable and cut debt in line with Beijing’s wishes.
(Bloomberg) Two of China’s largest bad-debt managers have told the banking regulator they’re concerned about losing access to the dollar bond market in the wake of turmoil at China Huarong Asset Management Co., according to people familiar with the matter.China Cinda Asset Management Co. and China Orient Asset Management Co. recently conveyed their concerns to the China Banking and Insurance Regulatory Commission, said the people, asking not to be identified discussing a private matter.While