China Bank Regulator Sees "More Stable" Lending Growth In H2

Sponsored Links

China's lending growth will be more stable in the second half of this year, said Liu Mingkang, head of the China Banking Regulatory Commission.

Speaking to reporters on Sunday in Basel, Switzerland, Liu said current levels of loan growth is 'very reasonable' and 'still quite good.'

In the first six months of this year, loans in China surged after the central bank removed quotas limiting lending to support the government's 4 trillion yuan stimulus package.

Chinese banks lent 356 billion yuan in July and are expected to lent a lesser amount in August.

China's lending growth will be more stable in the second half of this year, said Liu Mingkang, head of the China Banking Regulatory Commission. (Market News Provided by RTTNews)