China Banking Regulatory Commission (CBRC) Tuesday said it has no plan to suspend approving domestic lenders' establishment of new branches.
Its policies on accepting and reviewing applications for new branches of commercial banks remain unchanged, it said.
However, CBRC said it would be "more prudent" on city banks' inter-regional expansion without elaborating how the prudent manner would work.
The banking regulator was responding to previous media reports, which suggested that the commission had unofficially suspended approving city lenders' expansions outside their own markets of origin, after Qilu Bank Co. fill victim to a commercial paper fraud that was uncovered late last year.
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