PBoC Takes Charge of 2011 Lending Regs
The People's Bank of China (PBoC) will assume control of regulating new credit growth in 2011, leaving the China Banking Regulatory Commission (CBRC) responsible for supervision of bank lending, China Business Daily reports citing unnamed sources. For the past two years, the task of keeping new bank lending in check fell to the CBRC, the report said.
China's monetary authorities are rumored to be considering a more reactive approach to credit growth policy this year with more frequent checks on new lending.
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