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.
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