China '09 bank loans likely to top 10 trln yuan -paper

SHANGHAI, July 3 (Reuters) - New lending by Chinese banks is likely to exceed 10 trillion yuan ($1.46 trillion) this year, the Shanghai Securities News reported on Friday, even as bank regulators warned about risks from improper loans. Combined yuan lending by China's big four state lenders, including Bank of China, reached 497 billion yuan in June, with overall lending in the country exceeding 7 trillion yuan in the first half, the newspaper said, citing unnamed sources... [read full story]                    

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