“China will let banks roll over loans backed by shares and adjust their collateral requirements as the government tries to limit pressure for investors to sell stock and contain risks to the financial system from a market rout. The China Banking Regulatory Commission also wants lenders to support firms’ share buybacks by offering collateralized loans, the agency said in a statement on Thursday. One of the side-effects of the share market’s collapse from a June 12 peak was to diminish the value of shares pledged as collateral for loans from banks and brokerages. In China, a borrower pledging blue-chip shares can usually get a loan of as much as 50 percent of their value.”
Related posts:
The World’s Next Oil Shipping Corridor: The Arctic Ocean
Lithuania turns Google Street View on tax cheats
Russian army unit fires on school during ‘anti-terrorist’ operation
Wyoming weed laws leave patients with difficult choice: suffer or risk imprisonment
13 corrections officers indicted in Md., accused of aiding gang’s drug scheme
Cops Bust Prostitution Ring ... at Senior Citizen Home
U.S. ‘coordinates weapon deliveries’ to Syria rebels: Russia
Moody’s awards metro Atlanta a ‘credit negative’ for TSPLOST failure
American marijuana companies turn to Canadian stock exchange to raise capital
France will 'prove' Syria regime behind chemical attack
To Make Sense of the Coins Act, Follow the Money
A Plan to Stop the Feds From Reading Your Emails
Yahoo, Dell Swell Netherlands’ $13 Trillion Tax Haven
Clapper: Spying on U.S. election was "most benign form of information gathering"
Prosecutors Move To Seize Jesse Jackson, Jr.’s Homes