© Reuters. China will push more lending to manufacturing sector next year: regulator

BEIJING (Reuters) – China will actively help firms in the traditional manufacturing sector to get out of trouble next year, and keep pushing lending to smart and green manufacturing industries, the banking and insurance regulator said on Friday.

The non-performing asset in some small and medium banks are rising, curbing their lending capability, Yang Liping, chief supervision officer with the regulator told reporters at a briefing in Beijing.

Disposing of the bad loans of small and medium banks needs time, and will not be improved in the short term, Yang added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-12-20