China keeps chokehold on shadow banking

Aggregate financing falls to RMB856.4 billion.

The People’s Bank of China said new renminbi loans sank to RMB506.1 billion compared to the RMB 580 billion median estimate by analysts, who suggests authorities are trying to keep shadow-finance risks in check.

Slower credit, however, will crimp growth while limiting risks of a financial crisis. China’s leadership wants to replace debt-fueled growth with consumer-led growth

Analysts said these moves confirm their view that monetary policy has tightened and growth will slow in the future. They also expect new bank loans and aggregate financing to decline this quarter from the previous period’s high levels.

Aggregate-financing projections ranged from RMB1 trillion to RMB 1.35 trillion, with a median of RMB 1.12 trillion, following RMB 1.4 trillion the previous month and RMB 1.29 trillion in October 2012.

Also Read

Malaysia's private sector credit grows 5.4% in April

Hong Kong mortgage loans drawdown rises by 9.9%

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia