Money

China may resume lending between banks, trust firms

(Agencies)
Updated: 2010-08-06 09:58

China may allow commercial banks and trust companies to resume their financing cooperation after the banking regulator issues detailed rules, the Shanghai Securities News reported Friday, citing an unidentified person familiar with the situation.

Related readings:  China curbs off-balance sheet trust lending  China said to test banks for 60% home-price drop  CBRC orders trust firms to tighten joint loans Banks should not rely solely on capital market

The China Banking Regulatory Commission is expected to release detailed rules to regulate the transactions, which have been halted for almost a month, the newspaper said.