China’s Supreme People's published the verdict from Jizhou District Court in Hengshui, Hebei province. Photo: AFP

Chinese bank employee convicted of ‘leaking state secrets’ after sharing policy draft on WeChat

  • Langfang Bank employee seconded to the China Banking Regulatory Commission photographed the draft of a new wealth management product regulation
  • The draft quickly went viral via WeChat, causing a ‘disastrous impact on China’s financial regulation’
Topic |   China economy

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China’s Supreme People's published the verdict from Jizhou District Court in Hengshui, Hebei province. Photo: AFP
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National aggregate financing, a broad measure of credit to the real economy, dropped to 1.36 trillion yuan in April, half the 2.86 trillion yuan from a month earlier. Photo: Reuters

China bank lending slows more than expected in April, raising concerns about economic outlook

  • Banks extended 1.02 trillion yuan (US$150 billion) of new loans in April, below market expectations and down from 1.68 trillion yuan in March
  • Slowdown follows fall in April’s purchasing managers’ index as well as exports ahead of latest round of trade talks in Washington and threatened tariff increases
Topic |   China economy

TOP PICKS

National aggregate financing, a broad measure of credit to the real economy, dropped to 1.36 trillion yuan in April, half the 2.86 trillion yuan from a month earlier. Photo: Reuters
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