Banks and Insurers to Strengthen 'Five Priorities'-Policy-EnglishChannel stdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stdaily.com Daily Mail and Mail on Sunday newspapers.
The National Bank of Hungary (MNB) has signed a cooperation agreement with China's National Financial Regulatory Administration (NFRA) on joint oversight activities, Hungary's central bank and financial market regulator said in a release on its website.
Beijing must let unsalvageable developers fail and, crucially, avoid saddling banks with bad loans. Short-term pain is preferable to infecting finance and creating a deeper, longer economic downturn.
The liquidation of Evergrande Group has raised more questions than answers about how the collapse of the posterchild of China’s real estate crisis will affect investors, thousands of workers, and homebuyers waiting for their apartments