China bank lending up in 2014 as govt seeks credit boost
China`s bank lending rose to $1.60 trillion in 2014, the central bank said Thursday, as the government sought to loosen credit to spur faltering growth in the world`s second-largest economy.
Jan 15, 2015, 14:50 PM IST
China banks' bad loans surge, credit crunch could spread west
Bank of Communications Co Ltd (BoCom) and Industrial and Commercial Bank of China (ICBC) reported their biggest quarterly increase in bad loan levels in two years as China`s economic slowdown stretched more companies` ability to repay debts.
Oct 30, 2014, 10:05 AM IST
'China's wealth management products total $2.1 trillion'
China`s wealth management products totalled 12.8 trillion yuan (USD 2.06 trillion) as of the end of May, state media said, quoting the vice central bank head.
Jun 22, 2014, 19:51 PM IST
