China's Major Banks Meet Strict New Rules
Source: Xinhua |
May 5, 2011, Thursday
|
Print Edition
Print Edition
CHINA'S major banks have largely met stringent new regulations concerning capital requirements, and no large-scale capital supplements are needed, an official with its banking regulator has said.
In an effort to limit potential risks in credit expansion, the China Banking Regulatory Commission said on Tuesday that it would set the minimum capital adequacy ratio at 11.5 percent for banks of systematic importance, while the ratio for non-systematic important banks will be set at 10.5 percent.
This new regulation will go into effect on January 1, 2012, according to the CBRC. Banks of systematic importance will be required to meet the new standards by the end of 2013, while the other banks will need to meet them by the end of 2016, it said.
"China's major commercial banks can largely meet the new standards. The capital gap is quite small," the China Securities Journal quoted an anonymous official with the CBRC as saying in yesterday's report.
In an effort to limit potential risks in credit expansion, the China Banking Regulatory Commission said on Tuesday that it would set the minimum capital adequacy ratio at 11.5 percent for banks of systematic importance, while the ratio for non-systematic important banks will be set at 10.5 percent.
This new regulation will go into effect on January 1, 2012, according to the CBRC. Banks of systematic importance will be required to meet the new standards by the end of 2013, while the other banks will need to meet them by the end of 2016, it said.
"China's major commercial banks can largely meet the new standards. The capital gap is quite small," the China Securities Journal quoted an anonymous official with the CBRC as saying in yesterday's report.
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