Loan data at mainland banks raises concerns over credit quality

New loans extended by mainland banks fell last month but total financing soared, in a sign the economy is increasingly relying on riskier non-bank lending.

Banks doled out 454.3 billion yuan (HK$560 billion) in new loans in December, compared with 522.9 billion yuan in November and 640.5 billion yuan a year earlier, the People's Bank of China said yesterday.

via Business feed http://www.scmp.com/business/banking-finance/article/1125008/loan-data-mainland-banks-raises-concerns-over-credit