'Big four' banks' new lending doubles
By Hu Xiaocen |
July 20, 2012, Friday
|
Print Edition
Print Edition
CHINA'S "big four" banks doubled their pace of lending in the first half of July from the previous month.
The combined new lending at the four biggest banks surged 50 billion yuan (US$7.9 billion) in the first half of this month, twice as much as the month-ago amount, Shanghai Securities News said yesterday, citing sources. But some market watchers believe total new bank loans in China may retreat to 650 billion yuan this month after hitting a three-month high of 919.8 billion yuan in June, the newspaper said.
The "big four" lenders, namely the Industrial and Commercial Bank of China, China Construction Bank, the Bank of China and the Agricultural Bank of China, account for 30-40 percent of total bank lending. They began extending loans for economy-stabilizing projects this month, which is expected to improve the lending structure, the newspaper said.
The combined new lending at the four biggest banks surged 50 billion yuan (US$7.9 billion) in the first half of this month, twice as much as the month-ago amount, Shanghai Securities News said yesterday, citing sources. But some market watchers believe total new bank loans in China may retreat to 650 billion yuan this month after hitting a three-month high of 919.8 billion yuan in June, the newspaper said.
The "big four" lenders, namely the Industrial and Commercial Bank of China, China Construction Bank, the Bank of China and the Agricultural Bank of China, account for 30-40 percent of total bank lending. They began extending loans for economy-stabilizing projects this month, which is expected to improve the lending structure, the newspaper said.
- 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.
