China probes bank loans in stock markets - paper

China's central bank has launched a probe into domestic banks which might have lent money for stock speculation, state media said on Mar 12, 2001.

The investigation, although low key, involved all domestic banks and their borrowers to detect how loans were illicitly channelled into the country's stock markets, the official China Business Times quoted unidentified sources as saying. "The probe led by the central People's Bank of China is carried out to help design impending regulations" to curb

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