Chinatoremoveregulationonloan-to-depositratio -Business-Chinadaily.com.cn

2021年5月5日 by 没有评论

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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperBusiness /Policy WatchEconomyPolicy WatchChina DataCompaniesMarketsIndustriesViewMotoringTechGreen ChinaChina to remove regulation on loan-to-deposit ratio(Xinhua)Updated:2015-06-24 21:30Comments Print Mail Large Medium SmallChinese 100 yuan banknotes are seen in this file picture illustration taken in Beijing July 11, 2013. The State Council on Wednesday passed a draft amendment to Chinas Banking Law that gives banks more freedom to lend by removing the 75 percent loan-to-deposit ratio stipulation. [Photo/Agencies]BEIJING – The State Council on Wednesday passed a draft amendment to Chinas Banking Law that gives banks more freedom to lend by removing the 75 percent loan-to-deposit ratio stipulation.The ratio will instead be seen as a liquidity-monitoring indicator, according to a statement released after an executive meeting chaired by Premier Li Keqiang.The move will enable financial institutions to increase lending to agriculture, small and micro-businesses, the statement said.The draft amendment will be tabled to the top legislature, the National Peoples Congress Standing Committee, for review.China has kept the 75-percent ratio unchanged for years. Last year, the central bank expanded the definition of what constitutes a banks deposit in a bid to release more lending capital.The latest decision came as the government is at pains to channel credit to the real economy to support growth.Earlier data showed Chinas yuan-denominated lending reached 900.8 billion yuan (147.4 billion U.S. dollars) in May, picking up from 707.9 billion yuan in April but 4.3 billion yuan less than the same period last year.Chinas total social financing aggregate, a broad measure of liquidity in the economy, stood at 1.22 trillion yuan, compared with 1.05 trillion yuan a month earlier.Minsheng Securities said the removal of the loan-to-deposit ratio may not necessarily lead to a substantial growth in credit as the ceiling is not a major constraint on growth.The lack of financing demand, banks reluctance to lend due to risk controls, as well as requirements on capital adequacy ratio are among the factors that have hampered credit growth, Minsheng said.Weighed by unsteady global demand, stuttering domestic investment and a weak property sector, Chinas economic growth fell in the first quarter to 7 percent, its lowest level in six years.And a string of economic indicators so far suggest growth is yet to meaningfully pick up despite a string of government-support policies, including three interest rate cuts since November.8.03KRelated StoriesChinas P2P lending surges, risks buildAIIB may speed up lending approvalsChinese banks at risk from growing margin lending: FitchChina pushes for more small business, rural lending despite higher risksReserve ratio cut to boost lending to developersPhotoTurning metal waste into robot-like artworkFirst batch of methanol-fueled taxis put into operation in S.W. ChinaA-share gains lead the worlds stock marketSchool dropout farmer creates robotsTop 10 courier services in ChinaShenzhen Maker Week kicks offChina Economy By NumbersChina Economy by Numbers – Dec China Economy by Numbers – Nov NewsmakerTop executive of Infor has head in the cloud Zwilling stays at cutting edge of the kitchenware industryMost ViewedTodays Top NewsAlibaba joins hands with embassies to feed buyers appetiteExclusive team established to promote manufacturingStocks rebound for second day after worst week in 7 yearsVictorias Secret to open annual garment show in DalianGreenland plans to expand its business in the USAustralia commits $718m for China-initiated bankTurning metal waste into robot-like artworkArgentina, China to deepen cooperation in agricultureHot TopicsFiat SpA Peugeot SA Taxi app Internet finance Housing price Disneyland 12306.cn WeChatEditors PicksTop 5 wealthiest women in technology O2O Expo focuses on businesses that benefit people Top 10 most valuable auto brands in the world Top 9 US-listed Chinese companies going private SpecialsBoao Forum For Asia 2015China Development Forum 2015CEO roundtable: new normal& strategies…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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