Banks Halt Lending amid Tighter Liquidity
(Beijing) – A number of banks have temporarily halted lending to businesses and individuals apparently due to mounting pressure from liquidity shortages.
They include some branches of Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC), sources from the two banks said.
The bank was already having a hard time keeping up with deposit-to-loan ratio requirements even before the liquidity shortages hit, not to mention executives' recent determination to sort out the bank's liquidity management and control loans.
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