{"id":8293,"date":"2006-06-30T07:37:55","date_gmt":"2006-06-30T14:37:55","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2006\/06\/30\/china-urges-lenders-to-curb-scandals-reuters\/"},"modified":"2006-06-30T07:37:55","modified_gmt":"2006-06-30T14:37:55","slug":"china-urges-lenders-to-curb-scandals-reuters","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2006\/06\/china-urges-lenders-to-curb-scandals-reuters\/","title":{"rendered":"China urges lenders to curb scandals &#8211; Reuters"},"content":{"rendered":"<p>\nFrom Reuters:\n<\/p>\n<blockquote>\n<p>China&#8217;s banking regulator on Friday urged the country&#8217;s lenders to redouble efforts to strengthen internal controls and prevent scandals, renewing a call for better supervision following a series of fraud cases.<\/p>\n<p>&#8220;Although some achievements have been gained in addressing banking scandals since last year, the current situation in this regard is still very serious,&#8221; the <a href=\"http:\/\/www.china.org.cn\/english\/features\/state_structure\/66265.htm\">China Banking Regulatory Commission <\/a> said in a notice published on its Web site (<a href=\"http:\/\/www.cbrc.gov.cn\/mod_cn00\/jsp\/cn001000.jsp\">www.cbrc.gov.cn <\/a>).<\/p>\n<p>In June alone, several banks including <a href=\"http:\/\/en.wikipedia.org\/wiki\/Shanghai_Pudong_Development_Bank\">Pudong Development Bank <\/a>Co.(600000.SS: Quote, Profile, Research), <a href=\"http:\/\/en.wikipedia.org\/wiki\/Bank_of_Communications\">Bank of Communications <\/a> (3328.HK: Quote, Profile, Research) and <a href=\"http:\/\/en.wikipedia.org\/wiki\/CITIC_Ka_Wah_Bank\">China CITIC Bank <\/a> reported large amounts of theft or loan fraud.<\/p>\n<p><a href=\"http:\/\/today.reuters.com\/investing\/financeArticle.aspx?type=bondsNews&#038;storyID=2006-06-30T071510Z_01_PEK170294_RTRIDST_0_FINANCIAL-CHINA-BANK.XML\">[Full Text]<br \/>\n<br \/><\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Reuters: China&#8217;s banking regulator on Friday urged the country&#8217;s lenders to redouble efforts to strengthen internal controls and prevent scandals, renewing a call for better supervision following a series of fraud cases. &#8220;Although some achievements have been gained in addressing banking scandals since last year, the current situation in this regard is still very [&hellip;]<\/p>\n","protected":false},"author":75,"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":[3493,3506],"class_list":["post-8293","post","type-post","status-publish","format-standard","hentry","category-economy","tag-banking-fraud","tag-china-banking-regulatory-commission","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) - 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