China's new bank lending requirement....>

CHINA PRESS: China's new bank lending requirement to boost loans to private

companies to account for no less than 50% of new corporate loans is for the

entire industry, not an assessment target for each bank, said the Securities

Daily citing an anonymous banking regulator on Monday.

- Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission

first said last Thursday that policymakers are considering setting lending goals

for banks. 

- It will be unrealistic to set the same lending target for every bank, as each

has different positions and clients. No specific targets will be proposed for

individual banks, nor will they be ordered to meet targets, the newspaper said

citing the regulator.

(Link to the story: https://bit.ly/2PkPrtU)