China leads Asia-Pacific region in loan volume
The Chinese mainland and Hong Kong’s 2013 loan volume represented 42 percent of the loan market in the Asia-Pacific region, with China alone doubling last year’s volume, according to new data.
The loan volume in the mainland reached a record $116.9 billion, and Hong Kong’s loan volume increased by 86 percent over last year, reaching $79.2 billion, according to Thomson Reuters’ 2013 Asia Pacific Syndicated Loan Review. Hong Kong loans were driven by “China-linked companies’ offshore borrowing,” it said.
The Chinese mainland and Hong Kong were numbers 1 and 3 respectively in loan volume among the top 10 AsiaPacific economies (excluding Japan).