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International Law

: China Briefing Blog

Foreign-Owned Banks Urged to Increase Lending

By China Briefing

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Feb. 20 - The government is urging foreign-owned banks including Citigroup Inc. and HSBC Holdings Plc. to increase lending to support the slowing economy. Last month, the likelihood of defaults led foreign-owned banks to decrease lending and rein in credit.China?s banking regulator in Shanghai announced yesterday that foreign-owned banks should increase their contribution to China?s economy [...]

Full post as published by China Briefing Blog on February 20, 2009 (boomark / email).

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