SHANGHAI (AFP) - - China’s banking regulator has urged banks to tighten lending as it strives to keep loan growth below ceilings, state media said Wednesday. China Banking Regulatory Commission summoned an industry meeting Tuesday to tell banks to further control their lending pace to meet the regulator’s target of 15 percent in loan growth for 2007, the Shanghai Securities News reported. The government announced Saturday another increase in the bank reserve requirement — the money banks need to set aside with the central bank — the ninth such increase this year. To meet the banking regulator’s target of 15 percent in lending growth, domestic banks can only lend a combined 85 billion yuan for the rest of 2007, or a mere 2. read more