China Bank Authorities Deny Issuing Lending Ban
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4978949 [1]
BEIJING, April 29 (Reuters) -- China's banking regulator
and central bank denied on Thursday reports that they had
issued a ban on new lending.
"We have never asked them (banks) to stop making loans.
We have never issued any document, internal or open," a
spokesman for the China Banking Regulatory Commission
said.
The spokesman had been asked about Hong Kong media
reports saying China's "Big Four" state banks had received
an official directive to suspend new loans until May 1.
Smaller commercial banks had also reportedly halted new
lending in anticipation of a tighter loan policy from the
government.
A People's Bank of China spokesman also said it had not
issued such an order. "We have never made a such a
requirement. We have absolutely have not done that," the
spokesman said.
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