,Watchdogs Prod Debt Repayment

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As of the end of September, 102 publicly traded firms on the Shanghai and Shenzhen stock exchanges were still owed a total of 25.4 billion yuan (US$3.2 billion) by their parents or affiliates, even though the securities watchdogs have been pushing for the payback since June. On June 1, the two bourses made public the names of listed firms whose funds were misused by their shareholders and affiliates. At that time,a combined 33.6 billion yuan (US$4.2 billion)worth of funds were misused by major share owners or affiliated firms.
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