BEIJING :China's central bank has told some banks to slow the pace of lending to contain risks after new bank loans jumped to a record in January, three bankers with knowledge of the matter said.The People's Bank of China (PBOC) sent the informal instructions, or the so-called window guidance, earlier this mo
BEIJING :China's central bank has told some banks to slow the pace of lending to contain risks after new bank loans jumped to a record in January, three bankers with knowledge of the matter said.
The banks were told to control the scale of new loans in February to avoid issuing new loans at a too-rapid pace, the sources said. "If banks are blindly pursuing the increase in the scale of loans, that may not be sustainable," one of the bankers said.
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