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Regulators Push Banks to Juice Lending

  • Reuters reports that Chinese financial regulators have informally told lenders to make more loans as well as raise some banks' loan quotas and loan-growth requirements.
  • The piece also adds that message to banks was to lend more money to productive businesses while putting less of it in financial investments.The pieces follows reports earlier in the week that some state-backed firms had been resistant to calls to juice lending, and are more wary of taking potential losses. Additionally, other reports cited a lack of demand made meeting the new targets very difficult.

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