At the same time, the Law of the People's Republic of China on the People's Bank of China was revised to confirm and strengthen the PBC's function in prevention and mitigation of financial risks and in safeguarding financial stability.
Taking account of the unsecured creditors Complications arise where there is multiple indebtedness. Credit unions are unsecured creditors of many distressed borrowers; unsecured debt on credit cards is also found to be high for many borrowers; utility arrears are also commonly observed.