December 27th, 2010
China's commercial banks may still face capital pressure in 2011 or kick off a new round of refinancing within two or three years as new lending target remains high, even though some of them have just accomplished a large-scale replenishment, the China Securities Journal reported Monday. Follow up:
Follow up:China in 2009 issued 9.59 trillion yuan ($1.43 trillion) worth of new loans, and the number is expected to hit 7.5 trillion to 8 trillion yuan this year. Although the target for next year has not been set, it is estimated to be around 7.5 trillion yuan.
Analysts fear the lending spree may trigger another round of capital raising, especially for small- and medium-sized commercial banks. Read more.....