China’s new credit rules put brakes on banks’ lending binge

China’s new credit rules put brakes on banks’ lending binge
With Chinese banks’ record new lending in 2009 igniting fears about asset bubbles and bad loan, the banking regulator’s latest rules aim to bring financial risk under control. The new directives order banks to focus on loan quality control, rather than quantity restriction, and aim to make loans flow to the real economy — rather than the property and stock markets, which are susceptible to …

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