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Stock impact report

China Reveals Government Fund Misuse, Highlighting Fiscal Risks [Yahoo! Finance]

SOCIETE GENL FRNCE S/ADR (SCGLY) 
NASDAQ:AMEX Investor Relations: societegenerale.com/en/investors
Company Research Source: Yahoo! Finance
subpar or halted projects, raising questions about the effectiveness of current fiscal measures in bolstering economic recovery. Most Read from Bloomberg YouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging Minor Nvidia Rout Takes Breather as Traders Scour Charts for Support Trump Could Actually Lose Florida. Here's Why. Rivian Gets $5 Billion Lifeline in Joint Venture With Volkswagen Julian Assange Leaves Court ‘Free Man,' Ending 14-Year Drama Almost 28 billion yuan ($3.9 billion) of bond funds involving 522 projects were untapped or used for purposes other than what they were approved for as of the end of 2023, the National Audit Office said in a statement released Tuesday. Progress was also slow in the 721 projects identified by the National Development and Reform Commission for central budget investment, leaving over 41 billion yuan unused. Some projects even received more government or special bond funds than their planned total investment, it adde Show less Read more
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