Free Trial

China Lending to SMEs, Manufacturers to Accelerate: Daily

CHINA PRESS
MNI (Sydney)

Chinese bank lending to private and small companies may accelerate by over 30% y/y in the second half of the year backed by Government support policies, the Securities Daily reported citing Wang Qing, the chief analyst at Golden Credit Rating. Mid and long-term loans to manufacturers will also continue to grow faster than overall lending due to policies supporting high-tech manufacturing, Wang said. By the end of July, loans to manufacturers increased by 25.4% y/y, the fastest since 2010, while the balance of SME loans rose by 27.5%, the most in five months, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.