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Singapore regulator seeks PRC lending data
An honorable member of the Coffee Shop Has Just Posted the Following:
The Monetary Authority of Singapore has sought information from some Singapore-based lenders about their Chinese clients and loan exposure to China amid an investigation into a suspected commodity financing fraud at China’s Qingdao port. It was conducted due to “recent adverse news and development concerning trade financing into China”, MAS said in an email to the banks, according to two of the sources. http://www.ifrasia.com/singapore-reg...158301.article Click here to view the whole thread at www.sammyboy.com. |
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