Hi guys, i read this on bloomberg, "Jan. 26 (Bloomberg) -- Chinese banks have begun restricting new loans, responding to a push by regulators to contain credit after a surge in lending in the first half of this month.
Bank of China Ltd. has stopped extending new corporate loans in the Shanghai area, except for clients who have repaid earlier borrowings, said a person familiar with the matter who declined to be identified". Does this mean that gbg financing would not be affected as the credit restrictions are on new loans?. It would be great to hear your thoughts on this and i would really appreciate any response. Here is the link to the full article if anyones interested. Thanks a lot.
