Bank Regulators Refute Rumors of Credit Squeeze
Published:
2010-01-21
Both Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), and officials from the People's Bank of China refuted rumors that the regulatory body had ordered some banks to stop issuing new loans for the rest of January. Shanghai's stock composite index fell nearly 100 points yesterday on the weight of the rumors of tightened credit.
Source
Xinmin.cn
Google Translation
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