Regulators have asked banks to halt fixed-assets loans since Dec 17, 21st Century Business Harold reported Monday.3 m) H9 V3 w6 L5 u: u
"Circulating capital loans and personal loans cannot be halted randomly, so they can only make an example of fixed-assets loans", a general manager in the credit management department of a joint-stock bank told the reporter.
; U- K# g% I( l5 Y5 Y; a0 f: }4 v D! t The move aims to prevent large-scale credit in the year's end since new loans in the first 11 months has reached 7.47 trillion yuan ($1.1 trillion), which is dangerously close to the alarm line of 7.5 trillion yuan this year, the newspaper reported.5 t. F' N2 T% e( o! G, f6 Y6 v
A person close to regulators said the regulators are brewing new policies so the due fixed-asset loans would be recovered strictly on time, according to the report. |