China regulator strikes again; can it end ‘market chaos’?
China’s crackdown on errant banks continued this month, but can the government overcome the inherent economic contradictions fueling “market chaos”?
Watchdog the China Banking Regulatory Commission has once again come down hard on Chinese lenders, this time tackling banks that illegally traded as much as Rmb7.9 billion (US$1.2bn) in bank bills.
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