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China banks see loophole in leasing firms

They're lending to such businesses to meet new capital adequacy rules under Basel III regulations

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Chinese banks scrambling to meet capital adequacy rules stepped up lending to financial leasing companies in the past year as they moved away from traditional corporate loans that require them to set aside more funds as provisions.

Shanghai

CHINESE banks scrambling to meet capital adequacy rules stepped up lending to financial leasing companies in the past year as they moved away from traditional corporate loans that require them to set aside more funds as provisions.

Under global regulations known as Basel

sentifi.com

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