Chinese Regulator Urges Banks to Maintain Reasonable Pace of Lending

China’s top 5 banks have been told by the China Banking Regulatory Commission to maintain a reasonable pace of lending and and set aside more provisions to cover potential bad loans, says The Wall Street Journal.

 

According to the Journal, the state-run lenders are Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd., Bank of China Ltd. and Bank of Communications.
 

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