CS: China’s PBoC Clamps Down On Lending
According to Credit Suisse, China’s central bank, the People’s Bank of China, stepped in to stop unchecked lending by banks last month after robust lending activity and heightened speculation in the futures market throughout the first few months of 2016.
PBoC: Cracking down
According to the bank’s analysis, the PBoC has stepped into the lending market after becoming increasingly concerned that the liquidity being created was not being passed on to the real economy, but was instead causing bubbles in financial asset prices.
Crescat Capital Here Is “a sign that China truly is facing a crisis”
Coming into April, banks were enthusiastic about expanding their loan books after a record-breaking starts the year.
However,...
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