|
BIZCHINA> Top Biz News
![]() |
|
Related
China extends grace period for quake victims who took out loans
(Xinhua)
Updated: 2009-01-02 16:54 Individuals and enterprises that can't repay loans because of the May 12 earthquake will get more time, the country's central bank and banking regulator said Thursday. Individuals who borrowed from Chinese banks before the quake will be given a grace period of another six months to repay the money. The new deadline is June 30, 2009, according to a joint statement by the People's Bank of China and the China Banking Regulatory Commission. Corporations will get a longer grace period of another 12 months. Repayment is now due at the end of 2009. Previously, quake victims were told to repay borrowed money by the end of 2008. The two agencies also urged banks not to push for loan repayment if debtors in the quake-hit regions fall behind in payments. They said lenders should not levy fines for defaults or add default notices to borrowers' credit records during the extended grace period. The May 12 earthquake has left more than 87,000 people dead or missing. Millions more are homeless. (For more biz stories, please visit Industries)
|
靖远县| 晋江市| 宝山区| 安远县| 阳东县| 昭平县| 赣州市| 突泉县| 饶阳县| 阜宁县| 舞钢市| 旬阳县| 大同市| 同仁县| 巴彦淖尔市| 布拖县| 宁津县| 鲜城| 南华县| 井冈山市| 鄂伦春自治旗| 芜湖市| 左云县| 马山县| 丰镇市| 江安县| 厦门市| 子洲县| 林口县| 大竹县| 康保县| 遂平县| 区。| 华安县| 那曲县| 吉林市| 长沙市| 天津市| 固镇县| 孟州市| 镇雄县|