20101012 1253 Breaking News.

Excessive lending by China's leading banks in September prompted the central bank to increase their required reserve ratio (RRR), an official newspaper said on Tuesday.China Securities Journal confirmed a Reuters report on Monday that six banks had been hit with a 50 basis point increase in their reserve requirements, the fourth hike this year. China's four biggest state-owned banks and the country's nine joint-stock lenders extended more than 300 billion yuan ($45 billion) in combined new loans in September, the paper reported.