11:46 - 13.11.2025

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November 13, Fineko/abc.az. Banks in China have started asking customers to apply for loans and immediately return the money, while they are ready to pay interests on loans themselves. This practice, known as quick-lend-and-recover, is gaining scale as credit institutions are under pressure from authorities to implement lending plans that cannot be achieved amid weak real demand.

ABC.AZ informs, referring to Bloomberg, that almost two dozen bankers interviewed by the agency confirmed that such a lending scheme is becoming widespread. This phenomenon, the agency notes, reflects the key problem of the Chinese economy: cheap loans and excess liquidity do not encourage people to borrow, spend or invest.

Private clients receive similar offers. An employee of a bank from Zhejiang, who introduced herself as Jane, said that several competing banks offered her to apply for a consumer loan for a few days and then return the funds. In some cases, managers even paid interest out of their own pocket to convince clients to agree.