Most Chinese big banks vowed to.........>

CHINA PRESS: Most Chinese big banks vowed to increase lending to support local

infrastructure investment and micro-businesses in their half-year result

releases, China Securities Journal reported Friday. 

- In the first half, Agricultural Bank of China increased support for

construction of important infrastructure projects as well as high-tech sectors,

while Industrial Bank said it strengthened support for green finance, advanced

manufacturing and consumption areas, the newspaper said; 

- Some banks stressed they won't simply stop lending to companies which are

suffering as China is deleveraging, Industrial and Commercial Bank of China said

it will help out companies which focus on their core businesses and have

favorable outlook, the newspaper  said; 

- Net profits of 26 A-shares listed Chinese banks rose 6.49% y/y to CNY826.67

billion, according to the newspaper.