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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China bank loans at record high in March: official AFP - Saturday, April 11 BEIJING (AFP) - - Chinese banks lent a record amount of money in March as they responded to government calls to support the economy in the face of the global financial crisis, the central bank announced. ADVERTISEMENT New loans climbed to a monthly record of 1.890 trillion yuan (277 billion dollars) in March, from 1.070 trillion in February and 1.620 trillion in January, according to bank figures. Chinese banks lent a total of 4.580 trillion yuan in the first quarter, close to the target of five trillion set by Beijing as the minimum banks must lend for the whole year. An unnamed official from a financial institution, quoted Wednesday by the Shanghai Securities News, said the surge in loans had forced the China Banking Regulatory Commission to pay more attention to risk control. The authorities do not wish to be confronted again with sizeable amounts of bad debts. Beijing has undertaken a restructuring of its banking sector in recent years, cleaning up assessments and partially privatising the banks to enable them to face the competition from foreign institutions, which entered after the market opened at the end of 2006. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China economic stimulus starting to work: premierAFP - Sunday, April 12 China Pacific Insurance Q4 net loss 2.54 bln yuanReuters - Saturday, April 11 China foreign exchange reserves at $1.95 trillionAP - Saturday, April 11 China forex reserves fall in FebruaryAFP - Saturday, April 11 Related Articles: Business Beech-Nut to leave NY village after 118 yearsAP - Sunday, April 12 Possible GOP contender in 2012 blasts Obama budgetAP - Sunday, April 12 US-BUSINESS SummaryReuters - Sunday, April 12 Steve Jobs maintains grip at Apple: reportReuters - Sunday, April 12 Russian firms keen to pump Iraqi oil, gas -agenciesReuters - Sunday, April 12 Enlarge Photo China bank loans at record high in March: official Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed UN sounds warning after Antarctica ice shelf rips French commandos storm yacht Harry Potter actor arrested over cannabis find Selective abortion causes 32mln excess China males World oil glut raises risk of recovery 'crunch': IEA View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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