Banking regulator raises lending quota
Move is part of larger efforts to stabilise the economy
Issue: May 2009
Keywords (click to search):
banking
CBRC
lending
loans
corporate governance
After record-setting lending growth in Chinese banks in the first quarter of 2009, China’s banking regulator has begun a closer watch over the flow of new loans, with tightened supervision on corporate governance and risk control.
Speaking at a recent meeting held at the Chinese Academy of Social Sciences, China Banking Regulatory Commission (CBRC) chairman Liu Mingkang mentioned new regulatory requirements for capital adequacy ratio and provision coverage ratio at the main Chinese banks. The capital adequacy ratio must now be higher than 12%; provision coverage ratio...
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