China Financial Daily:PBOC Further Tightened Controls on Credit Growth for Some Banks

The PBOC has asked some banks via window guidance to strictly controlbroad credit growth starting from February, and required at least 1 monthapproval time for all types loans (except for retail consumption loans), localmedia reported, according to a person working for a bank headquartered inShanghai. In late January this year, media also reported that the PBOC askedcommercial banks to control new loans in 1Q with mortgage loans’ growthand incremental amount both lower than that in 4Q16.