Caixin Global@caixin

2 years ago

China’s regulators are stopping banks from inflating deposit rates to ensure funds support the real economy. But some banks, driven by their need to attract deposits, are still likely to find ways to get around tightened regulations. https://t.co/6ZrlP5IihL

"A tug of war has been going on in #China b/t banks—who are trying to raise interest rates to attract deposits—& regulators—who want them to cut rates to discourage saving & spur spending & investment...Right now, regulators have the upper hand." https://t.co/G9DAN2XLm5

Michael Pettis@michaelxpettis

2 years ago

1/2 Interesting Caixin article on pressure on banks to lend "productively": "A tug of war has been going on in China between banks — who are trying to raise interest rates to attract deposits — and regulators — who want them to... https://t.co/YWS5D94FC9