Chinese regulators yesterday ordered banks to ensure unprecedented volumes of new loans are channelled into the real economy and not equity or real estate markets, where officials say fresh asset bubbles are forming.
The policy requires banks to monitor how loans are spent and comes amid warnings banks ignored basic lending standards in the first half of this year as they rushed to extend Rmb7,370bn ($1,079bn, €759bn, £655bn) in new loans, more than twice the amount lent in the same period a year earlier.
Beijing's concerns are echoed in other countries in the region. In South Korea, the government is taking steps to cool a real estate bubble and in Vietnam state banks have been ordered to cap new lending to head off inflation.
您已閱讀25%（735字），剩餘75%（2207字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。