Related News
Regulator says no plan to forbid commercial bank expansion
Source: Xinhua |
June 22, 2011, Wednesday
|
Online Edition
Online Edition
CHINA Banking Regulatory Commission (CBRC) yesterday said it has no plan to suspend approving domestic lenders' establishment of new branches.
Its policies on accepting and reviewing applications for new branches of commercial banks remain unchanged, it said.
However, CBRC said it would be "more prudent" on city banks' inter-regional expansion without elaborating how the prudent manner would work.
The banking regulator was responding to previous media reports, which suggested that the commission had unofficially suspended approving city lenders' expansions outside their own markets of origin, after Qilu Bank Co. fell victim to a commercial paper fraud that was uncovered late last year.
CBRC Chairman Liu Mingkang said in April that city commercial banks should focus on their own markets of origin, prevent risks and improve services.
According to official data, non-performing loans of China's city commercial banks totaled 32.56 billion yuan (US$5.01 billion) at the end of 2010, 5.13 billion yuan less from that at the beginning of last year.
Its policies on accepting and reviewing applications for new branches of commercial banks remain unchanged, it said.
However, CBRC said it would be "more prudent" on city banks' inter-regional expansion without elaborating how the prudent manner would work.
The banking regulator was responding to previous media reports, which suggested that the commission had unofficially suspended approving city lenders' expansions outside their own markets of origin, after Qilu Bank Co. fell victim to a commercial paper fraud that was uncovered late last year.
CBRC Chairman Liu Mingkang said in April that city commercial banks should focus on their own markets of origin, prevent risks and improve services.
According to official data, non-performing loans of China's city commercial banks totaled 32.56 billion yuan (US$5.01 billion) at the end of 2010, 5.13 billion yuan less from that at the beginning of last year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
