PBOC's Zhou says China won't loosen loan controls

The People's Bank of China will not loosen control over loan extension despite complaints from local businesses about cash flow problems, according to Governor Zhou Xiaochuan of the People's Bank of China.

"We will not slacken restrictions on loan extension, though commercial banks have reported a slightly smaller number of non-performing loans," Zhou said at the China International Conference in Finance 2004 held in the eastern commercial area of Shanghai.

The three-day meeting is sponsored by

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: