CBRC Resumes Daily Credit Monitoring

(Beijing) - In the face of rapid growth in bank lending, China Banking Regulatory Commission (CBRC) announced that it will resume the monitoring of daily bank lending figures.

Commercial banks will need to report their lending activity on a daily basis and the regulator will give instructions to each bank according to its credit ceiling, an official at the CBRC told Caixin. Such practices were used in the first half of 2010.