Risks rise as Chinese lenders ditch struggling corporates for retail borrowers
The switch is fuelling an unusual jump in home loans.
According to Reuters, China's lenders are swapping struggling corporates for more promising retail borrowers - restructuring branches, teams and even overhauling bankers' commissions in an unprecedented push that is fuelling a record jump in home loans.
Yet the speed of the switch, the pressure to pull in more borrowers and soaring house prices are also worrying loan officers, analysts and regulators, with the central bank governor among those sounding a note of caution, adds Reuters.
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