摘要
Ten Chinese banks, led by Industrial and Commercial Bank of China （工商银行）, signed a syndicated loan contract to fund 18 projects worth RMB 176.2 billion （USD 25.8 billion）, as the Chinese government continued its loose monetary policy. The fund, which is the largest syndicated loan in China＇s banking industry, will be used to finance highway and railway construction projects in several provinces and cities. China＇s syndicated loans hit RMB 956.6 billion （USD 140 billion） at the end of 2008, up 53% year-on-year.
