In total, 21 banking institutions rejected loan applications worth 911.7 billion yuan (US$131.7 billion) from “high risk” customers. Photo: Bloomberg
Chinese banks rejected nearly US$144 billion in loans last year using credit scoring system, central bank says
- People’s Bank of China highlights deleveraging campaign in bid to reduce high debt and risky lending after Chinese banks blocked 1 trillion yuan of lending in 2018
- Bank also received alerts on outstanding ‘high risk’ loans and also collected non-performing loans
In total, 21 banking institutions rejected loan applications worth 911.7 billion yuan (US$131.7 billion) from “high risk” customers. Photo: Bloomberg
