Lending growth set to be curbed

Banking watchdog's move to cut liquidity 'will not derail growth'

HONG KONG: The country's banking regulator plans to curb credit growth this year amid rising concerns about asset bubbles in the economy.

"We will continue to control the pace and amount of credit supply this year," Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), told participants at the Asian Financial Forum in Hong Kong yesterday.