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However, its Shenzhen branch Wednesday refuted previous media reports that it approved individuals' trade settlement in yuan, saying it had never issued documents relating to the matter.
Analysts fret that if a certain proportion of the loans have gone sour, it will push up non-performing loan ratios in the banking industry and threaten banks' credit ratings.

BEIJING - China will continue to crack down on illegal cross-border capital flow this year in an aim to protect the country's economic and financial security, the country's top foreign exchange regulator said.The State Administration of Foreign Exchange (SAFE) investigated 3,488 cases of foreign exchange irregularities in 2011, and confiscated a total of 503 million yuan (.59 million) in illegal funds, more than twice that collected in the previous year, the organization said.The SAFE has investigated 17 major cases that allowed illegal cross-border capital to flow into the property and financial markets, which involved 19.3 billion yuan, according to the SAFE.In the past year, the SAFE has also cracked down on illegal private banks, Internet-based speculation in foreign exchange and illegal foreign exchange trading, and has severely punished those who had illegally borrowed foreign loans and settled foreign exchange transactions, it said.The SAFE vowed that it will further strengthen the monitoring of foreign exchange transactions and prevent risks from abnormal cross-border capital flow.
Although there are already policies in place allowing the involvement of private capital in financial markets, those applying to do so were often rejected because of the high requirements, said Zhou Dewen, chairman of the Wenzhou Small-and Medium-sized Enterprises Development Association.
HARARE, April 6 (Xinhua) -- The Chinese government on Thursday signed with the Zimbabwean government several economic and technological cooperation agreements worth 1.141 billion RMB yuan (180 million U.S. dollars).
来源:资阳报