China’s Four Largest State Banks Hurt Most By Government Curbs

From Bloomberg: “China’s lending restrictions cut loan growth at the nation’s four biggest state-owned banks more than at the dozen partly private lenders, such as China Minsheng Banking Corp., which have more autonomy to make loans.

Local-currency loans at the four state lenders, led by Industrial & Commercial Bank of China, grew 2 percent in the six months ended Sept. 30, the central bank said. Banks whose ownership is divided among state and private shareholders, increased lending 7 percent. ”

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