China removes 75% cap on loan-to-deposit ratio

Last Updated: Saturday, August 29, 2015, 20:23

Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.

$815 million embezzled in foreign loan projects in China

Last Updated: Thursday, June 6, 2013, 12:12

China's national auditing agency has found irregularities to the tune of USD 815 million in projects funded by foreign aid and loans.

China loan growth quickens

Last Updated: Sunday, January 8, 2012, 22:12

China's banks ratcheted up lending in the last month of 2011 on the back of stronger money supply, reinforcing perceptions that the central bank is gently easing policy to cushion the impact of the global economic slowdown.