Saving Private Companies Is Riddled With Risks
The road to hell is paved with good intentions, the old proverb goes, and China’s latest initiative to encourage state-backed funds to help cash-strapped private listed companies is another example of how government policies can have unintended consequences.
These funds, many of which are being coordinated by local governments, are part of a series of measures authorized by the central government over the past month to bolster confidence in a stock market battered by the pledged shares crisis and to help private companies struggling to raise money.
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas