Regulators study railway loans in wake of corruption probe
By Wang Xing | China Daily | Updated: 2011-03-06 07:41
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Workers at the China National Convention Center in Beijing prepare to transport a locomotive of the domestically developed "Harmony" bullet train to the square outside the center on Saturday. The locomotive will be part of a technological achievement exhibition that opens on Monday. Luo Xiaoguang / Xinhua |
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.
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