{"id":13271,"date":"2007-06-18T11:35:00","date_gmt":"2007-06-18T18:35:00","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/06\/18\/china-banks-hit-for-illicit-loans-bbc-news\/"},"modified":"2007-06-18T11:35:00","modified_gmt":"2007-06-18T18:35:00","slug":"china-banks-hit-for-illicit-loans-bbc-news","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/06\/china-banks-hit-for-illicit-loans-bbc-news\/","title":{"rendered":"China Banks Hit for Illicit Loans &#8211; BBC News"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"_43014421_shanghai_ap_203b.jpg\" src=\"\/wp-content\/uploads\/mt-old\/_43014421_shanghai_ap_203b.jpg\" width=\"200\" height=\"149\" \/> From BBC News:<\/p>\n<blockquote><p>China&#8217;s banking regulator has punished eight banks for illicity lending money to two state bodies that invested the cash in the stock and property markets.<\/p>\n<p>The <a href=\"http:\/\/en.wikipedia.org\/wiki\/China_National_Nuclear_Corporation\">China National Nuclear Corporation <\/a> and <a href=\"http:\/\/www.cnshipping.com\/english\/default.asp\">China Shipping Group <\/a> illegally used the billions of yuan loaned to them.<\/p>\n<p>The <a href=\"http:\/\/www.cbrc.gov.cn\/english\/index.htm\">China Banking Regulatory Commission (CBRC) <\/a> has now punished 18 executives involved in the lending with penalties including warnings and fines. <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/6763819.stm\">[Full Text]<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From BBC News: China&#8217;s banking regulator has punished eight banks for illicity lending money to two state bodies that invested the cash in the stock and property markets. The China National Nuclear Corporation and China Shipping Group illegally used the billions of yuan loaned to them. The China Banking Regulatory Commission (CBRC) has now punished [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[5034,1565],"class_list":["post-13271","post","type-post","status-publish","format-standard","hentry","category-economy","tag-cbrc","tag-loans","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Banks Hit for Illicit Loans - BBC News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/06\/china-banks-hit-for-illicit-loans-bbc-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Banks Hit for Illicit Loans - BBC News\" \/>\n<meta property=\"og:description\" content=\"From BBC News: China&#8217;s banking regulator has punished eight banks for illicity lending money to two state bodies that invested the cash in the stock and property markets. The China National Nuclear Corporation and China Shipping Group illegally used the billions of yuan loaned to them. 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