China banks are reportedly cutting loans to certain industrial firms by up to 20%; regulators require banks to disclose loans linked to derivative positions - press
- China Banking and Regulatory Commission (CBRC) called on banks to include loans linked to derivative products and debt financing with their regular report of outstanding loans. Sources say this is a new development.
- Sectors reportedly facing loan cuts include steel, cement, aluminium smelting, flat-glass and shipbuilding.
- Sectors reportedly facing loan cuts include steel, cement, aluminium smelting, flat-glass and shipbuilding.