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Chinese lending fears hit bank shares

Peoples Bank of China PBOC Central

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.

source: BBC

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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
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335K vs. 328K
USD
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10:30am

USD
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0.8M vs. 2.1M
6:45pm

NZD
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400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3