花辨直播官方版_花辨直播平台官方app下载_花辨直播免费版app下载

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

CBRC says liquidity ample in banking system

Xinhua | Updated: 2013-06-30 02:51

SHANGHAI - China's top banking regulator soothed concerns over Chinese banks' liquidity conditions on Saturday, saying there is no liquidity shortage in the banking system as both excess reserves and required reserves are ample.

China Banking Regulatory Commission (CBRC) Chairman Shang Fulin said the recent cash crunch would not affect the stable operation of Chinese banks, but he acknowledged that some banks needed to improve their liquidity and risk management.

Shang said total excess reserves in the country's banking system totaled 1.5 trillion yuan ($241.94 billion) as of Friday, more than double the normal payment and settlement demand.

The CBRC chairman said the authorities would continue regulating local government financing vehicles (LGFVs), and work out plans to standardize LGFVs.

Shang said the total outstanding loans to the LGFVs stood at 9.59 trillion yuan by the end of March, and the non-performing loans ratio was at 0.14 percent.

CBRC will also strengthen regulation over commercial bank-issued wealth management products (WMPs). He urged commercial banks to enhance oversight of their WMPs and improve transparency of WMPs sales.

According to Shang, by the end of March, assets in these WMPs totaled 8.2 trillion yuan.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US