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The central bank will step up scrutiny of bank lending to restrain "excessive investment and loans growth" blamed on "a flood of new construction projects," said news reports, which gave no details of the new controls.
Mr. Xiao said this week that he saw new loans growth at around 10 percent this year and the bank had no other fundraising plans in the Shanghai market after its planned convertible bond issue.
Similar(58)
Loan growth is still modest.
The blue diamonds show loan growth.
Loan growth isn't keeping up.
Why does fast loan growth predict poor performance for banks?
Dizzying loan growth was only one of many warning signs.
Nor does loan growth in Thailand bear much scrutiny.
But hectic loan growth means both are stretched thin.
This was assuming loan growth of 15% a year.
"We look at loan growth translating to jobs".
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