Industrial and Commercial Bank of China (ICBC) is aiming to issue full-year new loans of RMB1 trillion ($146.4 billion), while China Construction Bank (CCB) has set a goal of RMB900 billion, Caijing magazine reported.
Forbes said that in a recent report, the central bank listed several factors that could boost or discourage lending over the rest of the year. It said that a solidified economic recovery, especially in the real estate sector, would push up overall demand for loans and that there would also be sustained demand from construction projects that were already under way.
Some money lent in the first half had not yet been put to use and banks might also slow the pace of loan issuance as they bump up against the limits of required capital adequacy ratios.
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