The chairman of the China Banking Regulatory Commission (CBRC) said that the regulator would ensure that “every cent” of bank loans this year enters the real economy.
Liu Mingkang echoed comments made by Wen Jiabao at the National People’s Congress, saying that the year ahead “will be extremely complex and full of uncertainties.”
“Faced with inflation expectations, [...]
China’s consumer prices rose 2.7% in February, up from a 1.5% increase in January.
The producer price index rose 5.4% in February, up from a 4.3% in January. Higher food prices were largely responsible for the rise, although economists note that other consumer price index (CPI) components, such as transport and housing, are also increasing.
Beijing has [...]
Bank of Communications said it hopes to raise up to 42 billion yuan ($6.14 billion) from rights issues in Shanghai and Hong Kong, pending shareholder approval.
The fund-raising plan comes after Bank of China’s announcement in January of a $5.9 billion convertible bond sale, and a week after China Merchants Bank revealed plans for a $3.2 [...]
China’s banking regulator has told commercial banks to be more prudent in their lending and consider borrowers’ actual demand in a move to further tighten liquidity and cool rising asset prices.
The China Banking Regulatory Commission (CBRC) said in a statement that lenders must “be aware of factors that might influence the repaying capabilities of borrowers [...]
On Monday, Bank of China ordered its subsidiary branches to enforce an “overall hike” in interest rates on new loans provided to property developers.
The China Banking Regulatory Commission last week called for greater supervision of the property market, and at a meeting on Monday Bank of China’s leaders told their credit managers that “in principle” [...]
Industrial and Commercial Bank of China (ICBC) and China Citic Bank have ordered some of their branches to halt new loans for the rest of January.
An official at Citic Bank said the move came after requests from bank headquarters and the People’s Bank of China to control the pace of lending.
Liu [...]
Beijing has ordered commercial banks to stop lending until the end of January.
The China Securities Journal cited unidentified banking industry sources in both Beijing and Shanghai as saying that new loans amounting to more than US$146 billion have already been issued in 2010. The newspaper quoted an unnamed Bank of China official who said that [...]
Housing prices in 70 large and medium-sized cities across China rose 7.8% year-on-year in December, the fastest increase in 18 months.
The data, which compares to gains of 5.7% and 1.2% in November and October respectively, adds credence to fears that a bubble is forming in China’s real estate market, driven by the huge surge in [...]
The China Banking Regulatory Commission (CBRC) has banned banks from selling loans to trust companies, removing a vehicle used by banks for temporarily removing loans from their balance sheets.
The ban was announced on December 24 in a notice to banks that was not made public. The practice of selling loans temporarily to trust companies with [...]
Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), has encouraged lenders to make loans to consumers and small companies despite the risk of asset bubbles.
China’s banks generated a record US$1.35 trillion in new loans from January to November 2009 as part of the national effort to counteract the global credit crisis, and Beijing [...]
