After a months-long clampdown on PRC corporates and
their excessive outbound M&A transactions, Chinese
authorities have shown they are determined to tackle the roots
of such a shopping spree: the banks that have been extending
loans to these M&A hungry companies.
The China Banking Regulatory Commission moved in mid-June to
require a group of active lenders, among them Industrial &
Commercial Bank of China, China Construction Bank and Bank of
Communications, to conduct a risk analysis...