September 25, 2008 / 4:54 AM / 11 years ago

China denies telling banks not to lend to US banks

BEIJING, Sept 25 (Reuters) - The China Banking Regulatory Commission (CBRC) on Thursday denied a newspaper report that it had told Chinese banks to stop lending to U.S. banks in the interbank market. A spokesman for the regulator strongly codemned the article in Thursday’s South China Morning Post, calling it irresponsible.

“The CBRC has never, through any channel, issued a statement or told domestic commercial banks not to lend to or borrow from U.S. financial institutions,” the spokesman said in a statement on the agency’s website. (Reporting by Langi Chiang and Zhou Xin; Writing by Alan Wheatley; Editing by Ken Wills)

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