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Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?
Why crowdfunding threatens traditional bank lending
March 2003
Moscow at night: the city's market regulator is intent on casting more light on stock exchange transactions
The Federal Securities Commission (FSC) is getting tough with investors and exchanges in an effort to civilize the unruly Russian stock market. As part of the continuing reforms to the financial system it has started to exercise new powers granted in the last nine months.
In its first high-profile fight the FSC threatened to withdraw the Russian Trading System's licence in February after the exchange failed to comply with rules that came into effect last July requiring exchanges to report separately direct and...
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