China has said it will delay the implementation of tougher capital rules for banks until January next near amid concerns that they may hurt lending.
The rules would increase the minimum cushion of capital a bank must keep to absorb losses on their loans.
There were fears that such a move may curb lending at a time when Beijing has been trying to boost growth amid a slowdown in its economy.
China had planned to introduce the rules at the start of this year.
The banks will be given a reasonable transition period to meet the new capital requirements "to help maintain appropriate credit growth", China's cabinet said in statement on its website late on Wednesday.
Source & Image : BBC
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