-
BOC, CCB stationery supplies to treat new loans with more caution
stationery supplies Shenzhen lawyer shenzhen massage Shenzhen massage Shenzhen massage shoe suppliers shoes factory in china shoes manufacturers shoes outlet shopping bag shopping bag shopping bags shopping bags short bridesmaid dresses short evening dresses short prom dresses Short sexy short wedding dresses shrink wrapper silicone bracelets
BOC, CCB to treat new loans with more cautionPublished: 19 Apr 2009 18:41:58 PSTApr. 20, 2009 (China Knowledge) – Bank of China (BOC)<601988><3988> and China Construction Bank Corp<601939><939>, two of the nation’s Big Four stated-owned lenders, have released stricter loan rules and increased supervision in response to concern over China’s explosive loan growth, sources reported.China’s top banking regulator, China Banking Regulatory Commission (CSRC), on Thursday urged the country’s banks to prevent the risk of bad loans when increasing credit support to stimulate economy. Reportedly, the CBRC is expected to issue stricter lending guidelines to lenders soon to ensure proper use of loans.Meanwhile, BOC has released guidelines to its branches, advising them to supervise borrowers and the flow of loan capital while continuing its business expansion, according to sources familiar with the situation.Two bank officials close to the matter said that CCB has began to monitor consumer loans to guarantee that they are not used for speculation on the stock market.In the first quarter of this year, China’s RMB new loans hit RMB 4.58 trillion, RMB 1.89 trillion of which were issued in March. The figure represented an increase of RMB 3.25 trillion over the same period of 2008, according to an earlier report from China Knowledge.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News港澳游 ペニーオークション buy wow gold 即时通讯 ahappydeal 被リンク