China's bank regulation chief said lenders have "more than" enough capital and urged them to extend credit to consumers and smaller companies even amid the risk of asset bubbles.

Liu Mingkang, the chairman of the China Banking Regulatory Commission, also told banks to support rural development, health care, energy saving and pollution reduction in an opinion piece in Bloomberg News on Monday. "Structural bubbles threaten to emerge," he cautioned, in the world's third-biggest economy.

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