Chinese firms slow to reduce share-backed loans despite regulator crackdown

Chinese companies are only gradually reducing the amount of shares pledged for loans despite curbs by regulators as part of efforts to reduce the risk the deals pose to market stability. More than 100 companies still have more than 50 percent of their shares pledged, according to Reuters analysis of official data, despite a cap fixed at that level which was introduced two … https://reut.rs/2jMwoGU

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