China denies report of lending ban to U.S. banks

Saturday, 27 September 2008, 17:17 IST
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Beijing: China's banking regulator Thursday disclaimed media report that it has asked Chinese banks to halt interbank lending to their US counterparts. "The regulator has never, through any channel, issued a statement or told domestic commercial banks not to lend to US financial institutions," the China Banking Regulatory Commission (CBRC) said in a statement and called the report "irresponsible". The South China Morning Post daily of Hong Kong said Thursday CBRC had ordered local banks to halt interbank lending to US banks to avoid possible los
Source: IANS