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Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
The China Banking Regulatory Commission (CBRC) on Thursday denied a newspaper report that it had told Chinese banks to stop lending to U.S. banks in the interbank market. A spokesman for the regulator strongly codemned the article in Thursday's South China Morning Post, calling it irresponsible.