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Deposits at commercial banks in Tier....>

CHINA PRESS
CHINA PRESS: Deposits at commercial banks in Tier One cities fell in the first
half of this year as a result of a reduction in corporate bond financing and
deposits from nonbanking institutions under the pressure to deleverage, the 21st
Century Business Herald reported Monday. Meanwhile, company loans saw an
increase. They increased in Beijing at the fastest since 2014 and outstanding
loans in Shanghai rose by 4.3 percentage points compared with that at the end of
2016, the report said. But the growth of mortgages in Tier One cities slowed as
authorities try to curb an overheating real-estate sector, the report said.
(21st Century Business Herald)
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