Do China’s banks have the requisite money to lend the economy out of trouble? Photo: Reuters

Chinese banks may not have enough capital to lend economy out of slowdown, says Fitch

  • ‘Banks’ earnings in the past few years have only been able to sustain their [required] capital adequacy levels,’ said Fitch executive Grace Wu
  • Beijing is leaning further on the private sector to buffer the slowdown and is requiring banks to lend more to these firms, without raising borrowing costs
Topic |   China economy

TOP PICKS

Do China’s banks have the requisite money to lend the economy out of trouble? Photo: Reuters
READ FULL ARTICLE