Banks exposed most to property sector
1 August 2003
Banks exposed most to properly sector
The property sector in Shanghai received more loans than any other industry in the first five months of this year, accounting for near-ly 20 per cent of all new bank ending to companies. Wen Hui Daily said. At the end of May outstanding loans to the property sector, including both companies and individuals totalled Yn23I bn, 55 per cent more than at the same time last year.
The other major recipients of loans were the retail industry,
with 18.7 per cent, while manufacturing accounted for 15.4 per cent, commercial services
for 11.8 per cent and construction for 7.3 per cent.
