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Credit Expansion To Support Q4 Growth - Herald

CHINA PRESS
MNI (Singapore)

Six major state-owned banks will continue to be the main source of credit issuance in Q4, with lending to infrastructure, manufacturing and real estate expected to drive growth in credit and total social financing and stabilize economic growth, the 21st Century Business Herald reported. New loans by six major banks increased by over CNY9.53 trillion in the first three quarters, accounting for more than 50% of total new loans, the newspaper said. The growth rate of manufacturing, green loans and inclusive loans to SMEs were relatively high, the newspaper added.

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