Chinese Government Is Pushing Banks To Lend to Private Developers LeapRate

March 25, 2024 BY Simon Mugo

Chinese Government Is Pushing Banks To Lend to Private Developers

Despite Beijing's efforts to rejuvenate the industry through a "whitelist" approach designed to alleviate the sector's liquidity challenges, major domestic banks have remained cautious, limiting their credit extension to the beleaguered industry, vital for the nation's economic health. Since 2021, the real estate market in China, the world's second-largest economy, has faced successive challenges triggered…

June 28, 2019 BY Valentina Kirilova

Exclusive: Global economy: Tensions and weak growth

LeapRate Exclusive... Global economic growth fell to its lowest level in three years and is now on its way to stability, but the recovery momentum is fragile and at high risk. International trade and investment were weaker than expected at the beginning of the year. Economic activity in the major developed economies, especially the euro…

July 15, 2014 BY Andrew Saks-McLeod

Rezwealth Ponzi scuppered as OSC applies fine of almost $6 million, and sanctions all parties involved

After a year of legal proceedings, the OS has taken action against Canadian Ponzi scheme operators which bilked customers out of funds, promised unrealistically high returns, with most of the funds having been misappropriated.

Tag: loans