皇冠体育app

Chinese banking regulators reiterated yesterday that banks should carefully control credit risks while extending loans to support economic growth.

Credit concentration in certain industries, regions or businesses could make banks more vulnerable to macroeconomic swings and corporate operational cycles, Wang Huaqing, disciplinary secretary of the 皇冠体育app Banking Regulatory Commission (CBRC) said in a statement.

"Such concentration may possibly incur systematic risks in the banking sector," he said.