Enter Details

Comment on stories, receive email newsletters & alerts.

This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters


Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details

Back to log in

REPORT: China just took action after bank lending surged by a record amount last month

Photo by Kevin Frayer/Getty Images

The mammoth 2.51 trillion yuan ($US390 billion) worth of new loans extended by Chinese banks in January, the largest on record, appears to have had ramifications in Beijing.

According to Bloomberg, citing sources familiar with the matter, the People’s Bank of China (PBOC) increased the reserve requirement ratio (RRR) – the amount of cash that banks must hold – for some banks who boosted lending too quickly during the month.

No details were provided as to who, although some regional lenders are said to be among the banks hit with the higher ratio.

You can read more here.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at