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3Novices:China sees bump in new loans but ‘risks on rise’

China’s banks extended more loans than expected last month, but analysts warned of the risk of rising financing costs.
The People’s Bank of China said on Wednesday that 1.54 trillion yuan (HK$1.77 trillion) in new loans was issued last month, up from 1.11 trillion yuan in May. Of the June figure, 483 billion yuan was for home mortgages, reflecting continuing property sales despite efforts by more than 50 cities to keep a lid on home price growth.
China faces ‘significant…
July 12, 2017 at 11:30PM http://ift.tt/2sQFUvh
#3Novices #News #OnlineMedia #China 3Novices China

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