Reuters: China bank lending heads for record as November new loans rise despite debt fears
Chinese banks extended 794.6 billion yuan ($115.10 billion) in new yuan loans in November and look set to lend a record amount this year as Beijing boosts the economy to meet growth targets despite worries about the risks of prolonged debt-fueled stimulus.Reuters: China Nov total social financing rises to 1.74 trln yuan
Lending continued to be driven by consumer loans, primarily home mortgages, despite a series of measures rolled out by the authorities to cool surging home prices and avoid property bubbles.
Off-balance sheet lending also unexpectedly spiked in November, raising concerns of tighter liquidity if regulators crack down on the shadow banking sector, economist David Qu at ANZ said.
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