11/24/2009

The China Banking Regulatory Commission told banks that they could be punished with restrictions on new branches, market access and foreign investments 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 risks 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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