Chinese Banks

from the FT...

Chinese regulators on Monday ordered banks to ensure unprecedented volumes of new loans go into the real economy and are not diverted into equity or real estate markets where officials say that asset bubbles areforming. The new policy requires banks to monitor how loans are spent, after warnings that they ignored basic lending standards in the first half as they rushed to extend Rmb7,370bn in new loans, more than twice the amount lent in the same period a year earlier.

also see..

http://finance.yahoo.com/tech-ticker/article/291000/China's-New-'Great-Wall'-Built-on-Easy-Money-Speculation-and-Toxic-Debt