BEIJING, Feb 20 (Reuters) - 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
month to some lenders that asked them to issue loans "under an
appropriate growth rate", the bankers said.
The banks were told to control the scale of new loans in
February to avoid issuing new loans at a too-quick pace, the
sources said.
(Reporting by Xiangming Hou, Ziyi Tang and Ryan Woo; Editing by
Tom Hogue)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.