From Shanghai Securities News (via MNI) a little earlier today:
- The Big Four state-owned banks extended CNY131 billion in new loans in August through the 24th, up from CNY56 billion a week ago, unidentified sources said.
- Banks’ credit officials said some banks, especially small and medium-sized ones, are reluctant to lend due to concerns about rising non-performing loans
- A report by Shenyin Wanguo Securities said some banks have tightened lending approval to privately-owned enterprises and small business while smaller lenders have resumed mortgage lending as it carries fewer risks.
- The newspaper also said deposits of the big four shrank by about CNY480 billion as of August 24