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Regulators study railway loans in wake of corruption probe

By Wang Xing | China Daily | Updated: 2011-03-06 07:41

Regulators study railway loans in wake of corruption probe

Workers at the China National Convention Center in Beijing prepare to transport a locomotive of the domestically developed "Harmony" bullet train to the square outside the center on Saturday. The locomotive will be part of a technological achievement exhibition that opens on Monday. Luo Xiaoguang / Xinhua

BEIJING - China's financial regulators said on Saturday that they have demanded that all mainland banks to check the possible loan risk related to high-speed railway projects, as the Party discipline watchdog and government supervision authority are investigating the former railway minister on charges of corruption and other misconducts.

Regulators study railway loans in wake of corruption probe

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