New commercial bank loans are...........>

CHINA PRESS: New commercial bank loans are expected to decline significantly in

October due to further curbs on the property sector and for seasonal reasons,

the Securities Times reported Friday. Since September, authorities have banned

the use of consumer loans for property purchases, in addition to enhancing

punishments for property buyers who fund down payments in an illegal way. This

will contribute to a fall in short-term household loans in October, the report

said. Banks have largely used up their credit quotas due to the robust expansion

of new loans in the first nine months of this year, the report noted, adding as

of the end of September, total new loans had reached CNY11.16 trillion, or some

88% of total new loans granted last year. (Securities Times)