Chinese banks will demonstrate slowing loan surge

Chinese banks will demonstrate slowing loan surge

Chinese banks are braced for seeing a slowdown in lending surge during the second half of 2017, having used most of their annual credit quota, thus increasing the specter of corporate defaults because financing costs keep rising in the world's number two economy.

Beijing's crackdown on risky lending has already increased financing costs and affected profit margins. Experts estimate that banks have already utilized 80% of their yearly credit quota over January-June, against the regular 60%, amid a regulatory attempt to bring shadow financing activities to the key loan book.

China’s key lenders, including China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China are going to report their first-half outcomes over the next two weeks.

China's policymakers have told that the government will keep lowering overall leverage and that slower surge in broad M2 money supply, includes demand deposits as well as monies in easily accessible accounts, could be a normal thing.


Will US inflation push USD further up?
Will US inflation push USD further up?

The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.

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All eyes on US retail sales
All eyes on US retail sales

US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.

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