Bullet train heads for achievement show in Beijing
Updated: 2011-03-06 11:31
By Wang Xing (China Daily)
Related reading: Regulators study railway loans in wake of corruption probe
BEIJING - China's financial regulators said on Saturday that they have demanded that all mainland banks to check the possible loan risk related to high-speed railway projects, as the Party discipline watchdog and government supervision authority are investigating the former railway minister on charges of corruption and other misconducts.
Yan Qingmin, assistant chairman of the China Banking Regulatory Commission, told China Daily on the sidelines of the annual session of the National People's Congress that the top financial watchdog has noticed the possible loan risk to the country's aggressive railway construction and asked all the banks to check the credibility of their loans to the construction of new railway lines. [Full story]
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