Related News
Bank regulator calls for better risk management
Source: Shanghai Daily |
September 21, 2009, Monday
|
Print Edition
Print Edition
CHINA'S bank regulator has called on lenders to improve internal risk management following a surge of new loans in the first eight months of this year, a notice on the agency's Website said.
"With bank loans growing rapidly, all kinds of risks are rising in the banking industry," Liu Mingkang, chairman of the China Banking Regulatory Commission, said at a Shanghai conference on Friday, according to the commission's Website.
The central government's 4 trillion yuan (US$586 billion) stimulus plan to protect the economy from the global recession has resulted in heavy spending on public works and helped boost investment in factory equipment and construction.
But it has also brought the risk of asset bubbles and defaults.
Bank lending soared to a record 7.1 trillion yuan (US$1.1 trillion) in the first half of this year. It reached 8.15 trillion yuan by the end of August, the People's Bank of China reported, more than the 4.91 trillion yuan in lending for all of last year.
The Communist Party of China's Central Committee said on Friday at the end of its four-day meeting that the country would continue its proactive fiscal policy and moderately loose monetary policy.
"With bank loans growing rapidly, all kinds of risks are rising in the banking industry," Liu Mingkang, chairman of the China Banking Regulatory Commission, said at a Shanghai conference on Friday, according to the commission's Website.
The central government's 4 trillion yuan (US$586 billion) stimulus plan to protect the economy from the global recession has resulted in heavy spending on public works and helped boost investment in factory equipment and construction.
But it has also brought the risk of asset bubbles and defaults.
Bank lending soared to a record 7.1 trillion yuan (US$1.1 trillion) in the first half of this year. It reached 8.15 trillion yuan by the end of August, the People's Bank of China reported, more than the 4.91 trillion yuan in lending for all of last year.
The Communist Party of China's Central Committee said on Friday at the end of its four-day meeting that the country would continue its proactive fiscal policy and moderately loose monetary policy.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
