China’s chief banking regulator warned about rising risks from the country’s property sector and from global financial markets, underscoring Beijing’s focus on risk controls after a robust pandemic recovery, the Wall Street Journal reported. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, told reporters in a briefing Tuesday that he was concerned about what he called a “bubble” in Chinese real-estate prices, which he said could threaten the country’s financial sector and its broader economy.

Provisions of the Indian insolvency law that protect a corporate debtor from other proceedings will also cover dishonoured cheques, the supreme court ruled, taking a view contrary to two earlier high court verdicts, Bloomberg Quint reported. Moratorium allowed under Section 14 of the Insolvency and Bankruptcy Code will apply to proceedings under Section 138 of the Negotiable Instruments Act used to recover an amount for a bounce cheque, the top court ruled. The top court, however, said the protection will be available only to the corporate debtor and not its management personnel.

Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart, Bloomberg News reported. From Credit Suisse Group AG to SoftBank Group Corp., Greensill’s most ardent supporters have signaled doubts about the loans made by his supply-chain finance business, upending his multi-billion dollar empire. Greensill Capital, which as recently as last year was seeking a valuation of $7 billion and planning to eventually go public, is now discussing options including insolvency.