USEUROPEAFRICAASIA 中文双语Français
Home / Image Holiday

Regulation brings hidden credit back into limelight

By Chen Jia | China Daily | Updated: 2018-02-14 07:43

Move sees surge in country's new loans in Jan to 2.9 trillion yuan

China's tightening regulations on bank lending have put more hidden credit back on balance sheets, as the authorities strive to readjust the method of calculating the major money supply indicator to better supervise financial expansion.

The country's yuan-denominated new loans surged to a record high of 2.9 trillion yuan ($460 billion) in January compared with 584.4 billion yuan in December, according to data released by the People's Bank of China on Monday. It was 867 billion yuan more than the same period a year earlier.

Regulation brings hidden credit back into limelight

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US