1. LINE

      Text:AAAPrint
      Economy

      China to remove regulation on loan-to-deposit ratio

      1
      2015-06-25 09:16Xinhua Editor: Gu Liping

      The State Council on Wednesday passed a draft amendment to China's 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 People's 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 bank's 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 China's 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.

      China's 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, China's 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.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲人成在线电影| 国产亚洲午夜高清国产拍精品| 亚洲欧洲第一a在线观看| 国产男女爽爽爽免费视频| 区三区激情福利综合中文字幕在线一区亚洲视频1 | 国产黄在线播放免费观看| 国产精品免费看久久久久| 亚洲国产精品成人午夜在线观看| 在人线av无码免费高潮喷水| 亚洲无人区码一二三码区别图片 | 99精品视频在线观看免费播放| 久久精品国产精品亚洲艾| 嫩草在线视频www免费观看| 国产精品亚洲A∨天堂不卡 | 中文字幕无码免费久久| 久久精品国产精品亚洲色婷婷| 18禁男女爽爽爽午夜网站免费| 亚洲第一页在线播放| 永久免费av无码不卡在线观看| 亚洲综合色一区二区三区| 国产成人一区二区三区免费视频 | 国产亚洲大尺度无码无码专线 | 亚洲电影免费在线观看| 蜜臀AV免费一区二区三区| 亚洲一区二区无码偷拍| 亚洲国产综合无码一区二区二三区 | 国产又黄又爽又大的免费视频| 亚洲成人动漫在线| 日本成年免费网站| 久久人午夜亚洲精品无码区| 亚洲国产日韩在线观频| 污视频在线观看免费| 中文字幕乱码亚洲无线三区| 亚洲黄黄黄网站在线观看| 99精品一区二区免费视频| 亚洲国产成人AV在线播放| 亚洲综合伊人久久大杳蕉| 2021国产精品成人免费视频| 免费大片av手机看片| 777亚洲精品乱码久久久久久| 在线视频免费观看www动漫|