Banking News
- Banks urged to limit loan growth
Date: 24-Jul-2007 Sources: (Shenzhen Daily)
THE banking regulator urged banks to curb their full-year lending growth to below 15 percent this year as the government tries to cool the country's fast-growing economy, the 21st Century Business Herald reported in its latest edition.
Liu Mingkang, chairman of the China Banking Regulatory Commission, was cited by the newspaper as saying that China's economic growth is showing clear signs of turning from rapid growth to overheating. He warned that uncertainties are increasing in the financial sector, according to the report.
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