www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

Policy banks start major reform effort

By CHEN JIA (China Daily) Updated: 2015-04-13 07:42

Policy banks start major reform effort

A man passes by an advertisement of the Export-Import Bank of China on Nov 4, 2014. [Photo / IC]

Capital adequacy requirement to be set higher than global standard, reducing risk

China's three major policy banks officially began a massive reform process on Sunday to diversify financial services in support of economic growth.

The reforms include redefining functions and tightening capital adequacy requirements.

Reform plans of the China Development Bank, Export-Import Bank of China and the Agricultural Development Bank of China have been approved by the State Council, the country's cabinet, according to an official statement published online.

After the reforms are in place, the floor for the three banks' capital adequacy will be 10.5 percent, more than the 8 percent required by Basel III, a global, voluntary regulatory framework on bank capital adequacy, an official from the People's Bank of China said, asking not to be named.

In the past, there was no requirement on the policy banks' capital adequacy ratio, making it difficult to supervise credit risks, the official said.

"The whole reform process will be accelerated, and it will be completed soon," he said.

The CDB, the country's second-largest bond issuer after the Ministry of Finance, will be transformed into a "development-oriented financial institution" and will restructure its management policy more toward a market-led pattern, the online statement said.

That means the bank's loans will continue to enjoy a State-backed credit rating, but the bank will retain some rights to choose lending targets and to chase high returns in a competitive environment with other commercial banks.

The financial services arm of CDB will support the nation's development strategy based on a market-oriented approach. Loan principal will be guaranteed, while allowing room for a small profit, according to the statement.

The reform framework was first mentioned by Chen Yuan, founder of CDB and a former governor.

By the end of 2014, the bank's total assets had reached 10.1 trillion yuan ($1.6 trillion), with a nonperforming loan ratio of 0.63 percent. A large part of the CDB's lending is for construction of railways and highways, along with the renovation of shantytowns.

The other two banks will remain as noncommercial entities. Ex-Im is responsible for raising funds to support Chinese enterprises' "going out" strategy, and the ADBC provides financial services to major agricultural construction projects, the government statement said.

Those two banks had outstanding loans of more than 5 trillion yuan to support the nation's special projects at the end of last year.

Guo Tianyong, an economist at the School of Finance at Central University of Finance and Economics, said the coming reform is a "breakthrough".

"Clear requirements of capital adequacy will help to control potential credit risks and push the banks to improve their governance," Guo said.

After the reform is in place, funds from those banks will be used more efficiently to support key industries, such as the high-end equipment manufacturing industry, and avoid redundant construction in sectors with overcapacity, he said.

In March, Fitch Ratings Inc, a global credit rating agency, gave the three banks a straight "A+" with a stable outlook, since the credit is guaranteed by the government.

The agency said these banks are playing significant roles in China's economic development. Their profitability and capital level are below other commercial banks, but their liquidity risk is less.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美一级俄罗斯黄毛片 | 奇米第四狠狠777高清秒播 | 美女被免费视频的网站 | 中文字幕天堂久久精品 | 天干天干天啪啪夜爽爽色 | 日韩欧美~中文字幕 | 一国产一级淫片a免费播放口 | 久久久久久毛片免费观看 | 情侣偷偷看的羞羞视频网站 | 日本卡一卡2卡3卡4精品卡无人区 | 黄色a三级三级三级免费看 黄色a网 | a男人的天堂久久a毛片 | 精品一区视频 | 日韩三级免费看 | 99免费在线观看 | 中文字幕一区二区视频 | 亚洲成人午夜影院 | 久久久久久综合对白国产 | 日本一区二区三区不卡视频中文字幕 | 蜜桃88av| 99精品国产在现线免费 | 国产精品久久在线观看 | 成年午夜一级毛片视频 | 狠狠做久久深爱婷婷97动漫 | 手机毛片在线 | 一级特色黄大片 | 一区二区三区四区产品乱码伦 | 欧美88| 99久久国产综合精品国 | 日韩手机看片福利精品 | 欧美成人精品高清在线观看 | 亚洲欧美日韩精品久久亚洲区色播 | 欧美视频一区 | 欧美成人aaaa免费高清 | 国产三级一区二区 | 日产一区两区三区四区 | 美国一级毛片在线 | 欧美日韩一区二区三区在线播放 | 亚洲精品高清在线观看 | www.99精品| 免费国产精品视频 |