Sunday, April 05, 2009

Syndicated loans being encouraged

THE Shanghai Bureau of the China Banking Regulatory Commission is encouraging commercial banks to offer syndicated loans to support infrastructure projects in the local economy and trim banks' concentration on a single project, the local regulator said yesterday.

An almost 10-billion-yuan (US$1.46 billion) loan syndicate will be offered soon, the regulator said, without giving more details.

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