China leads Asia-Pa­cific re­gion in loan vol­ume

China Daily (Canada) - - NEWSCAPSULE -

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).

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