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China's biggest lenders poised for windfall from rising rates

Meanwhile, smaller banks grapple with borrowing costs and some are said to have defaulted
Wednesday, March 29, 2017 - 05:50

Beijing

AS China ramps up its quest to conquer leverage, the banking sector is finding out that being a big fish pays - literally.

While smaller lenders grapple with soaring money-market rates - some are said to have defaulted amid the tight liquidity - their larger counterparts

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