China says not demanding 13 pct CAR of big banks

BEIJING Nov 23 (Reuters) - China's banking regulator denied on Monday that it is asking the country's big banks to increase their capital adequacy ratio to 13 percent.

In a statement on its website, the China Banking Regulatory Commission also said it was not imposing lending controls on the nation's banks.

But it urged them to avoid year-end volatility in lending, which should be kept at a "stable, sustainable" pace.

Reuters reported earlier that Beijing was pushing for a capital adequacy ratio of 13 percent next year for the big banks, compared with around 11 percent on average now. [ID:nHKG303608] (Reporting by Aileen Wang and Simon Rabinovitch; Writing by Alan Wheatley) ((alan.wheatley@thomsonreuters.com; +86 10 6627 1235; alan.wheatley.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)),