The China Banking Regulatory Commission (CBRC) yesterday urged banks to
"take effective measures to ensure loans for the country's economic growth and
meanwhile prevent risks, in a bid to maintain sound and fast economic
development."
The policy is "guaranteeing money supply to some sectors while controlling
money supply to some other sectors", said a spokesman for the commission.
The spokesman said that commercial banks have increased lending since the end
of June, especially to small firms, energy-saving projects and those concerning
agriculture, farmers and rural areas.
The spokesman said the commission has urged commercial banks to increase
lending to post-disaster reconstruction.
