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2012, May 22

Chinese Regulator Urges Banks to Maintain Reasonable Pace of Lending

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Chinese Regulator Urges Banks to Maintain Reasonable Pace of Lending

by CFO Innovation Staff, 19 October 2009
topics:
Bank Borrowing/Credit Lines Corporate Finance Finance and Banking
tags:
China Banking Regulatory Commission lending loans
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China’s top 5 banks have been told by the China Banking Regulatory Commission to maintain a reasonable pace of lending and and set aside more provisions to cover potential bad loans, says The Wall Street Journal.

 

According to the Journal, the state-run lenders are Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd., Bank of China Ltd. and Bank of Communications.
 

Original Article URL: 
China Tells Top 5 Banks: Take It Slow, Be Careful
Orignal Author: 
CFO Innovation Staff
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