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

Liu The system of how to finance the small business sector in the private and public sectors has been a long time coming, and it's encountering many problems. Although the problem of how to encourage financing for small to medium companies was first mooted in 1992, only in 1997 did the government set up a high level committee to...

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