Business
22:37, 23-Jun-2017
CBRC tightens grip on major private companies to avoid risks
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China's banking regulatory commission ordered domestic lenders on Thursday to examine major private companies' domestic and overseas finances. Companies named by the banking watchdog all have completed major overseas merger and acquisition deals in the past five years.
Data from Dealogic shows that the four companies named by the regulator - Hainan Airlines, Anbang, Dalian Wanda and Fosun Group - accounted for 56 billion yuan (8.2 billion US dollars) of outbound investment over the past five years.
As CGTN’s Mi Jiayi reports, China's banks will look into these companies' credit situation and come up with an analysis of any potential risks.