China's credit guarantee agencies plagued by related party lending
Shanghai Industrial Economic Assurance Company''s Liu Yihe explains the intricacies of risk management in China.
The loan guarantee agencies are part of a system where business entities can offer to guarantee a loan for an SME, or even a listed company, from a bank. How successful has it been? And by checking on the credit worthiness of a company, aren't you essentially doing the work of the banks?
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to AsianInvestor
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.