Chinese Banks Ramp Up Lending In Q4 - Yicai

China's commercial banks are ramping up credit supply in Q4 in response to top policymakers' calls to increase support for the real economy, Yicai.com reported citing industry sources. Banks have lowered the borrowing threshold in key areas, reduced corporate loan rates and improved the efficiency of application reviews. Manufacturing, SMEs, technology-based enterprises, and green development are expected to have received increased credit support, Yicai said. There could be a significant increase in October credit growth and aggregate finance may remain above CNY2 trillion, with the growth rate to accelerate to as much as 10.8% from September’s 10.6%, the newspaper said citing Wang Yifeng, chief banking analyst with Everbright Securities.