Beijing puts foot on accelerator for bank lending

Chinese lenders’ shares rise on rule change that gives immediate boost to profits. China’s banking regulator has softened rules requiring lenders to set aside provisions against losses on bad loans, to encourage banks to provide more trustworthy assessments of their health. The move suggests that even as regulators pursue a “regulatory windstorm” to curb excess in the … http://on.ft.com/2tTM42M

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