Market Updates: Citigroup (NYSE:C), Chevron (NYSE:CVX), Johnson & Johnson (NYSE:JNJ)

Chinese banks have begun restricting new loans, responding to a push by regulators to contain credit after a surge in lending in the first half of this month.Bank of China Ltd. has stopped extending new corporate loans in the Shanghai area. The People’s Bank of China has instructed China Citic Bank Corp. and Industrial & Commercial Bank of China Ltd. to raise their reserve ratios by an additional 0.5 percentage point, Reuters reported. China Construction Bank Corp., the country’s second-largest bank, retreated 1.2 percent to 5.84 yuan. Shanghai Pudong Development Bank Co., the Chinese partner of Citigroup (NYSE:C) , added 1.1…