Global Trade Alert
Global Trade Alert

China: Bail out of Heilongjiang Longmay Mining Holding Group

Announcement

20 Nov 2015

In November 2015, the government of China announced a change in private-sector financial support.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Nov 2015

Revocation date:

No revocation date

Updated: 20 Nov 2015
Capital injection and equity stakes (including bailouts) In force

 On 20 November 2015, the Chinese coal mining company Heilongjian Longmay Holding Group announced it will receive 3.8 billion RMB (ca. 600 million USD) in bailout from the local government.

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