Related News
Regulator warns banks over surges in loans
CHINA'S banking regulator has demanded banks avoid sudden loan surges at the end of each month and each quarter and to make sure the money is channeled to sectors that help boost the economy.
It also reinforced an earlier decision that banks can't lend for investment in stock and property.
Banks should strengthen control over lending, especially at the month-end and quarter-end, which usually sees a rise to meet internal targets, the China Banking Regulatory Commission was quoted by the Shanghai Securities News yesterday as saying.
New yuan loans in China rose last month to 664.5 billion yuan (US$97.3 billion), up from 591.8 billion yuan in April.
Banks in China extended a new yuan credit of 5.84 trillion yuan in the first five months this year, more than last year's total and more than the minimum target of 5 trillion yuan for this year.
The regulator said the loans had to cater for demand in the real economy, instead of investing in stock and property markets.
It also discouraged banks from lending to companies that simply keep the money in higher-yielding certificates of deposit.
It also reinforced an earlier decision that banks can't lend for investment in stock and property.
Banks should strengthen control over lending, especially at the month-end and quarter-end, which usually sees a rise to meet internal targets, the China Banking Regulatory Commission was quoted by the Shanghai Securities News yesterday as saying.
New yuan loans in China rose last month to 664.5 billion yuan (US$97.3 billion), up from 591.8 billion yuan in April.
Banks in China extended a new yuan credit of 5.84 trillion yuan in the first five months this year, more than last year's total and more than the minimum target of 5 trillion yuan for this year.
The regulator said the loans had to cater for demand in the real economy, instead of investing in stock and property markets.
It also discouraged banks from lending to companies that simply keep the money in higher-yielding certificates of deposit.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$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.