Banks eye new areas of lending growth
By Zhang Fengming |
October 15, 2010, Friday
|
Print Edition
Print Edition
BANKS are cutting loans to overcapacity or high-polluting sectors as they shift their lending focus to seek new sources of growth, according to an industry survey yesterday.
They are now more keen to lend to alternative energy and equipment manufacturing industries as well as logistics, agriculture, health care and education, said PricewaterhouseCoopers, quoting a survey it made with China Banking Association on 44 major banks in China.
About 75 percent of the respondents said they would "limit credit investment to businesses that are at overcapacity, high polluting, or high energy consuming."
The survey also showed that about half of the respondents believe local government-backed debt carries a relatively high risk.
Credit risks are rising in China's banking system and financing arms of local governments have been identified as one source of sour loans in the long term, Standard & Poor's said earlier.
But the bad loan ratio at banks in China fell to 1.3 percent at the end of June, down 0.28 percentage point.
They are now more keen to lend to alternative energy and equipment manufacturing industries as well as logistics, agriculture, health care and education, said PricewaterhouseCoopers, quoting a survey it made with China Banking Association on 44 major banks in China.
About 75 percent of the respondents said they would "limit credit investment to businesses that are at overcapacity, high polluting, or high energy consuming."
The survey also showed that about half of the respondents believe local government-backed debt carries a relatively high risk.
Credit risks are rising in China's banking system and financing arms of local governments have been identified as one source of sour loans in the long term, Standard & Poor's said earlier.
But the bad loan ratio at banks in China fell to 1.3 percent at the end of June, down 0.28 percentage point.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
