US senator warns of corruption amid opening of Chinese loan market

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Trade deal enables US financial firms to acquire non-performing loans directly from Chinese banks. FMTNews Senator

NEW YORK: US Senator Marco Rubio has asked regulators to be vigilant about keeping American investors safe from “hazards” connected with a provision in the latest US-China trade deal that encourages investment in China’s non-performing loan market.

Copies also went to Securities and Exchange Commission Chairman Jay Clayton and top Department of Justice prosecutors. Rubio, a member of the Senate Committee on Foreign Relations, has criticised increased US investments in China because of what he says are corporate governance risks and companies whose missions sometimes run counter to US interests.

Other firms already active in purchasing pools of Chinese non-performing loans include Bain Capital Credit LP and Blackstone Group LP.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in PT

Portugal Últimas Notícias, Portugal Manchetes