China Construction Bank, the second biggest bank by market cap, lost 2.3 per cent to 6.25 yuan, the worst level since early July. Photo: Reuters
Chinese banks’ shares sink after Beijing reportedly tells them to control profit to support economy
- Regulator tells lenders to increase funding to small businesses and not to ‘let the profits shoot too high’, according to the Securities Times
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People’s Bank of China
China Construction Bank, the second biggest bank by market cap, lost 2.3 per cent to 6.25 yuan, the worst level since early July. Photo: Reuters