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BEIJING: China’s outstanding household consumer loans surged nearly 30% by end September from a year earlier, data showed on Friday, a day after its central bank governor issued a strong warning about the risks of rapidly rising debt.
PETALING JAYA: Consumer loans are forcast to grow between 8% and 11% this year, albeit slightly slower than last year and it will be a key driver for overall loans growth in the banking system, said analysts and industry observers.
Shares of Aeon Credit and the securities of Malaysian Building Society Bhd (MBSB) fell in early Monday trade after Bank Negara Malaysia tightened rules on consumer loans.
BEIJING (Xinhua): China's consumer finance firms reported a steady expansion in their client base as small-sum and convenient loans continued to gain popularity, according to an industry report.