Latest News:  
Beijing   Sunny/Overcast    28 / 16 ℃  City Forecast

Home>>China Business

Govt backing affirmed bank ratings

(Global Times)

08:21, May 24, 2012

Fitch Ratings, one of the world's leading ratings agencies, has recently affirmed its Long-Term Foreign Currency Issuer Default Ratings at China's largest State-owned commercial banks to "stable", on expectations that strong government support would be forthcoming in the event of economic stress.

China's five State-owned commercial banks account for 49 percent of the overall assets in the country's banking sectors. As the largest shareholder in each of these banks, the central government has long provided solvency and assets quality support to these institutions, Fitch said. Deposit reserves at these banks, which came in at 19 percent of M2 at the end of 2011, could be released in the event of a liquidity strain, the agency said.

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Magnificent Xigou Great Wall

  2. China's naval escort fleet conducts drill

  3. Flower wall made of over 40,000 roses

  4. Taiwan's Hello Kitty to fly cross-strait flights

Most Popular

Opinions

  1. Much-needed cooling awaits China
  2. Why is Washington so scared of Confucius?
  3. Chance to peacefuly resolve Iranian nuclear issue
  4. What is the US' aim behind arms sales to Taiwan?
  5. Investment-driven growth no longer a viable option
  6. Summit can't stop NATO from being marginalized
  7. Easing liquidity not a cure-all
  8. As Beijing remains mum, trade relationships suffer
  9. Intentions behind Japanese right-wingers’ collusion with ‘World Uyghur Congress’
  10. Real intentions of US exercise in Middle East

What's happening in China

First food festival held on train

  1. Illegal Vietnamese workers found in Anhui
  2. Parents protest school policy in Beijing
  3. Home prices to dip, but tumble unlikely
  4. Gloomy property market sinks land sales
  5. China to restart salvage of sunken ship

China Features

  1. High ticket prices, unaffordable landscapes
  2. Huangyan tensions
  3. 2012 Russia-China joint naval exercise
  4. 2nd Beijing International Film Festival
  5. Auto China 2012

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai