equityresearch
Equity Research
China’s banks probably made more new loans in January than the previous
three months combined as lenders sought to head off a credit clampdown
by policy makers seeking to stem rising inflation pressures. New bank
lending totaled 1.38 trillion yuan ($201 billion) last month. Separate figures
are projected to show consumer prices rose the most since 2008 and
export gains accelerated. Regulators are seeking to slow a credit boom
loosed last year that may now be inflating a bubble in China’s property
market. The week’s economic reports are likely to reinforce expectations
for the central bank to start raising interest rates and loosen controls on
the yuan in coming months, moves that might trigger similar steps across
the region.
http://www.nirmalbang.com/Upload/Daily090210.pdf
three months combined as lenders sought to head off a credit clampdown
by policy makers seeking to stem rising inflation pressures. New bank
lending totaled 1.38 trillion yuan ($201 billion) last month. Separate figures
are projected to show consumer prices rose the most since 2008 and
export gains accelerated. Regulators are seeking to slow a credit boom
loosed last year that may now be inflating a bubble in China’s property
market. The week’s economic reports are likely to reinforce expectations
for the central bank to start raising interest rates and loosen controls on
the yuan in coming months, moves that might trigger similar steps across
the region.
http://www.nirmalbang.com/Upload/Daily090210.pdf