You are here

China banks issue fewer loans in Dec despite surprise rate cut

Firms seeking funds are further driven into shadow banking system
Friday, January 16, 2015 - 05:50


CAUTIOUS Chinese banks issued far less credit in December than expected despite a surprise rate cut by the central bank, driving cash-starved companies into the shadow banking system in a major blow to the government's financial reform efforts.

The weaker-than-expected loan

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom