Latest News:  
Beijing   Moderate rain    27 / 22   City Forecast

Home>>China Business >> Finance

China's banking regulator seeks public opinion on new capital rules


16:33, August 16, 2011

BEIJING, Aug. 15 (Xinhua) -- China's banking regulator said Monday it has begun to seek public opinion on the drafted tougher capital rules for the nation's banks.

The new rules will keep minimum capital adequacy ratio (CAR) for banks of systematic importance at 11.5 percent, while raising the ratio for banks of non-systematic importance to 10.5 percent, the China Banking Regulatory Commission (CBRC) said on its website.

The regulation is designed to keep China's banking industry in compliance with the Basel III framework, a set of new global banking requirements agreed to by G20 leaders at the end of last year.

The opinion inquiry will conclude on Sept. 20.

The CBRC has repeatedly raised the minimum CAR to slow loan growth and rein in credit risk after nearly 20 trillion yuan in new loans were extended over the past two years as part of the government's crisis-combating stimulus package.

Before the global financial crisis occurred, the minimum CAR for Chinese banks was 8 percent.

According to the CBRC, major banks will have to meet the new standards by the end of 2013, while others will have to meet them by the end of 2016.


Leave your comment0 comments

  1. Name


Selections for you

  1. The Road Less Traveled : Corners of Qinghai Province

  2. Zhang Ziyi shines on ELLE

  3. Luxurious jewelry used by imperial family

  4. A red belly squirrel's leisurely life

Most Popular

What's happening in China

Netizens fight to save beloved Shanghai graffiti wall

  1. 'Staycation'
  2. Tourist trains set off from Moscow to Beijing for 15-day trip
  3. Different childhood: growing up at dumping site
  4. 'Home Collecting'
  5. China to crack down on pyramid schemes

PD Online Data

  1. The Tartar ethnic minority
  2. The Xibe ethnic minority
  3. The Miao ethnic minority
  4. The Maonan ethnic minority
  5. The Lahu ethnic minority