H-share banks are all rising, tracking the broad market strength, shrugging off a Financial News report Wednesday that China’s regulators are studying extending the term dates on some bank loans to local government financing vehicles (LGFVs). The regulators are still considering methods for extending the loans, and haven’t reached a final conclusion yet, said the paper, which is backed by China’s central bank. UBS says that many conclude that China “has just merely kicked the can down the road again,” and that banks credibility and even lending abilities are compromised, but this practice “was not uncommon in the past,” as local government debt has been around for more than a decade and was already sizable in the years before the global financial crisis. ICBC rallies 3.9% to HK$5.58.