CRI听力:Foreign Banks Tighten Lending Rules for China SOEs

It's being reported that a number of foreign banks are bringing in stricter lending criteria for China's state-owned enterprises.

This includes demands for collateral from certain companies.

Singapore's DBS Group, as an example, is planning to launch a 'decision grid' to assess the creditworthiness of Chinese SOEs.

DBS is dividing Chinese SOEs into different tiers according to their likely level of government support, with subsidiaries considered more risky than top-level holding companies.

For more on this, we are now joined live by Mike Bastin, Director of The China Business Centre based in London.