综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

China to tighten risk of city commercial banks: report

(Agencies)
Updated: 2009-11-06 16:56

China's banking regulatory body has asked city commercial banks, among the biggest issuers of loans in recent months, to further control credit risks, the China Securities Journal said on Friday.

The China Banking Regulatory Commission (CBRC) will place restrictions on market access and forbid further risk asset expansion of banks that have provision coverage ratio of less than 130 percent and an asset adequacy ratio lower than 10 percent, the paper quoted sources familiar with the situation as saying.

Related readings:  No application for stake buy in Taiwan bank received: CBRC  CBRC to ease sub-branch requirements  CBRC: Greed at root of global banking woes  CBRC denies regulating bankers' pay

In September, new loans handed out by city commercial banks accounted for 15.5 percent of the total of 516.7 billion yuan ($75.7 billion), the paper cited data from the central bank.

Meanwhile, loans from the big four State-owned commercial banks fell to 24 percent of total loans, compared with the usual 50 percent level, the paper said.

CBRC head Liu Mingkang said last week that city commercial banks should not blindly pursue credit growth, but should instead aim for stable asset returns.

Strong bank lending has been a key factor underlying China's quick economic recovery but various government officials have raised concerns this would lead to a rise in bad debt. After an unprecedented surge in bank lending in the first half of the year, Chinese banks have slowed their pace in the second half.

Bank of Ningbo, Bank of Beijing and Bank of Nanjing are the only three listed city commercial banks.