Related News
Banks likely to lend to smaller firms
By Zhang Fengming |
February 4, 2010, Thursday
|
Online Edition
Online Edition
BANKS in China are expected to shift loans to small and medium companies to gain higher margins amid a tightened cash flow this year, analysts said.
Banking authorities are clamping down on lenders' rapid credit growth, prompting commercial banks to shift their focus from big infrastructure projects to smaller companies, analysts from Gaohua Securities Co said.
"We surveyed bankers and most of them said they will focus on the small and medium enterprises and short-term credit this year on a tighter credit policy," said Xu Ran, a Gaohua Securities analyst.
Chinese regulators have made clear that they want banks to lend more evenly to avoid risks triggered by concentration on certain sectors and companies.
Banks in China extended a record 9.6 trillion yuan (US$1.41 trillion) of new loans in 2009, almost doubling the previous target of 5 trillion yuan. New loans this year are expected to drop to 7.5 trillion yuan. Banks were reported to issue 1.5 trillion yuan of new loans in January but official data is expected next week.
Banking authorities are clamping down on lenders' rapid credit growth, prompting commercial banks to shift their focus from big infrastructure projects to smaller companies, analysts from Gaohua Securities Co said.
"We surveyed bankers and most of them said they will focus on the small and medium enterprises and short-term credit this year on a tighter credit policy," said Xu Ran, a Gaohua Securities analyst.
Chinese regulators have made clear that they want banks to lend more evenly to avoid risks triggered by concentration on certain sectors and companies.
Banks in China extended a record 9.6 trillion yuan (US$1.41 trillion) of new loans in 2009, almost doubling the previous target of 5 trillion yuan. New loans this year are expected to drop to 7.5 trillion yuan. Banks were reported to issue 1.5 trillion yuan of new loans in January but official data is expected next week.
- 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.
