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posted 2 years ago
China’s property market plays an outsized role in the global economy. It is intricately linked to core industries, performance of local governments, besides investors and homeowners. 2021 data showed that China’s largest property developers have accrued trillions of dollars in debt, causing alarm among economists and investors alike over fears of financial instability. While the Chinese government ended the year by easing restrictions on debt refinancing and loans, it is as yet unclear if this will be enough to reverse course in 2022.
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![LEGAL NEWS
On 7/3/2024, the Kuala Lumpur High Court in the case of Suriati binti Mohd Yusof v CTOS Data Systems Sdn Bhd [2024] MLJU 437; CLJU 440; (Civil Suit No. WA-23NCvC-8-01/2020) ruled that credit reporting agencies are not empowered to formulate a credit score or create their own criteria/percentage to formulate a credit score.
Read more at https://globallawexperts.com/credit-reporting-agencies-are-not-authorised-to-formulate-their-own-credit-score/
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