IN BRIEF (Page 13)
China Daily | Updated: 2010-02-04 07:54
New loans to swell in Q1
China is expected to extend 2.4 trillion yuan in new loans during the first quarter this year, accounting for 30 percent of the annual loan target of 7.5 trillion yuan, the 21st Century Business Herald reported yesterday, citing a source close to the banking regulator. The report also said that Bank of China, the nation's third largest lender by market capitalization had advanced some 140 billion yuan in new loans in January.
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