Chinese regulator warns banks to comply with capital rules

11/24/2009 | Wall Street Journal, The

The China Banking Regulatory Commission told banks that they could be punished with restrictions on new branches, market access and foreign investment if they fail to comply with capital-adequacy requirements by the end of the year. The warning is the clearest indication yet that China's government is concerned about the risk of asset bubbles after a year of surging lending. In the first six months of 2009, new loans reached 7.37 trillion yuan.

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Wall Street Journal, The

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