Date
23 October 2018

Syndicated loans extended to secondary market, paper says

China will introduce syndicated loans in the secondary market nationwide by the end of the year after completing the second phase of a trial program, Economic Information Daily reported Thursday, citing the China Banking Association’s syndicated loan and trading committee. The program has been undergoing trials in Jiangsu and Zhejiang provinces and Shanghai. China had outstanding syndicated loans estimated at 4.14 trillion yuan (US$680.54 billion) at the end of June compared with 3.73 trillion yuan at the end of last year, the report said.

TL/AC/RA

 

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