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China's Big Four Banks Issued CNY125 Billion Of New Yuan Loans October 1-28 -Report
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China's Big Four Banks Issued CNY125 Billion Of New Yuan Loans October 1-28 -Report
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New yuan loans released by China's 4 largest banks from Oct. 1 to Oct. 28 declined to 125 billion yuan ($20.0 billion) from CNY160 billion the same time a month earlier, the 21st Century Business Herald reported Friday, citing unnamed sources.
New yuan loans released by the large 4 banks--Industrial Commercial Bank of China Ltd. (601398.SH), Bank of China Ltd. (601988.SH), China Construction Bank Corp. (601939.SH) and Agricultural Bank of China Ltd. (601288.SH)--typically account for 30% to 40% of the entire promissory note system.
Financial institutions released CNY623.2 billion value of new yuan loans in September, compared with CNY703.9 billion in August.
Newspaper website: to djnews.shanghai@dowjones.com
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China's Big Four Banks Issued CNY125 Billion Of New Yuan Loans October 1-28 -Report
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