adminBank lending has been rising “at a high speed” in recent years and the quality is yet to be tested, Li Yong, vice finance minister, was quoted in a statement as saying.
“There are rather high potential risks, particularly in (loans extended to) the real-estate sector and its related industries and in the poorly designed maturity of lending granted to local government financing vehicles,” he said, without elaborating.
He made the remarks at a national financial work conference earlier this month, according to the statement.
Chinese banks extended 7,75 trillion yuan (US$1,2 trillion) in new loans in the first 11 months of the year, 919,1 billion yuan more than the same period last year, official data showed. — AFP.
leeroy
Online Reporter