China Extends Crackdown on Off-Balance-Sheet Loans

Cutbacks now will further slow things: China Extends Crackdown on Off-Balance-Sheet Loans July 4 (Reuters) — China’s bank regulator has cracked down on off-balance-sheet lending by the country’s banks, sources told Reuters on Monday, its latest step to prevent over-zealous and risky lending from hurting its financial system. China Banking Regulatory Commission (CBRC) has ordered banks to check [...]