Aggregated China Business Blogs



China's Bank Lending Effectively Frozen

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
November 19, 2007|

China's Banking Regulatory Commission has been providing "guidance" to local and foreign banks in recent weeks, apparently instituting a freeze on new domestic lending for the remainder of the year at Oct. 31 levels. A Commission spokesman denied a Wall Street Journal report of a "freeze" in lending, but acknowledged "informal guidance" has been provided.

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