Cautious banks temper fresh lending in April

Outstanding yuan-denominated loan increase slowed to 13.5% last month

China's new bank lending moderated in April after surging in March, amid indications that more monetary policy measures would be rolled out to counter headwinds from global trade uncertainties.

The People's Bank of China, the central bank, released the April monetary supply and credit figures on Thursday, reflecting a slower growth compared with the stronger-than-expected financial boom in March.