[mserve id=”Central_Bank_PBOC.jpeg” align=”left” width=”250″ caption=”People’s Bank of China ” alt=”Peoples Bank of China PBOC Central” title=”People’s Bank of China”]
Chinese banking shares have fallen on reports of bank lending restrictions.
State media said Chinese authorities had instructed some banks to stop lending for the rest of January, amid fears about the risk of inflation.
The move has raised concerns about slow economic growth in China. Shares in both Bank of China and China Construction Bank fell 4%.
Last week, China’s central bank raised bank reserve requirements for the first time since June 2008.
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