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China Asked Some Banks to Limit Lending on Insufficient Capital, Liu Says
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Chinese regulators asked some of the nation’s banks to limit lending after they failed to meet requirements including those for capital, said Liu Mingkang, chairman of the China Banking Regulatory Commission.
The CBRC hasn’t asked all Chinese banks to halt lending, Liu said in an interview in Hong Kong today. He didn’t identify which banks were told to limit loans.
“We have a number of regulatory requirements to ensure prudent supervision,” Liu said. “For those that failed to meet these standards, we told them to limit lending.”
Premier Wen Jiabao yesterday said China will “well manage” the pace of credit growth after banks extended a record 9.59 trillion yuan ($1.4 trillion) in... Full Story |
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Submitted Jan 19, 2010 10:38pm
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