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Media says banks are under control to increase lending by 17% next year

Source: Internet
Author: User
Keywords Loan China next year China Bank of Chinese above
Tags bank of china control credit financial financial institutions media names
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On the morning of December 8, China has asked to keep bank lending growth at around 17% per cent in 2010, according to an unnamed executive from Bank of China Limited, quoted in the Chinese daily in Tuesday.　　According to the report, the bank executive said the credit boom this year could not be repeated next year.　　The report did not disclose the names of the regulators who issued the above directives, nor did it disclose whether the 17% per cent loan growth target was binding. At the end of October, Chinese financial institutions ' renminbi loan balances rose 34.19% from a year earlier.

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