China finds 'violations' in lending by state-owned banks

China's National Audit Office (NAO) has said that some state-owned banks "violated" lending regulations. It said said 28.4bn yuan ($4.6bn; £2.5bn) of loans had been issued by some banks for projects without proper procedures or necessary guarantees. via Pocket http://www.bbc.co.uk/news/business-23093552#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa