The banking regulator of the central Chinese province of Henan has told lenders to grant at least 450 billion yuan (HK$523 billion) in new loans this year to help shore up the local economy, a rare edict that has raised concerns the local government is becoming increasingly intrusive in influencing bank business decision-making amid the economic slowdown.The jig is up.
2016-09-21
To Hit GDP Target, Henan Gives Banks Lending Target
SCMP: Lend at least 450 billion yuan, banks told by China province as slowdown deepens
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