China Financial Daily

June 2, 2009

May said the industry credit the increase to 500 billion, or government projects following the peak has passed

Filed under: Financial News — Tags: — lily @ 10:36 am -0700

May said the industry credit the increase to 500 billion, or government projects following the peak has passed
A large bank told CBN senior reporter a few days ago, in May new credit is estimated at 400 billion-500 billion yuan. The April figure is 591.8 billion yuan of new credit scale down again.

A number of bankers to the CBN said the slowdown in loans and has become a continuing difficult industry consensus. Since entering the second quarter, with the gradual reduction of government projects, the banking industry’s total loans for the year are expected to trend lower. It is clear that the industry pick up on whether or not the existence of macro-economic concerns.

It is worth noting that, according to the four data lines, personal loans have exceeded loan to the public, and financing instruments to shrink to 10%.

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