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

Biz
More bad loan woes on way
2010-Jun-16 07:38:46

Top banking regulator warns on growing risks in lending to property sector, local govt units

BEIJING - China's top banking regulator on Tuesday said the country would face more bad loan pressure this year and warned against growing risks embedded in lending to the property sector and local government units.

As the country's economic restructuring intensifies, the possibility of some credit assets evolving into "substantive risks and losses" has increased in 2010, China Banking Regulatory Commission (CBRC), the nation's top banking watchdog, said in its annual report.

After a record 9.6 trillion yuan loans flooded the market last year to shore up flagging economic growth, the regulator has repeatedly urged Chinese banks to control the pace of lending this year and is giving special attention to lending risks in the property sector.

"With increasing uncertainty in the property sector, imprudent behavior in personal housing loans is likely to rise and a chain effect may reappear in lending to real estate developers," the CBRC said in the report.

With the total outstanding loans for property sector standing at 7.33 trillion yuan as of the end of 2009, the regulator is asking commercial lenders to conduct quarterly stress tests of property loans in case of massive loan defaults following the government clampdown on the property sector.

The government has unveiled a barrage of measures to cool the country's red-hot property market since April, widely seen as a necessary move to head off asset bubbles, but these steps have caused concerns that the clampdown might add more volatility to the property sector.

China's property prices have so far shown little sign of easing, rising 12.4 year-on-year in May, down from the record expansion of 12.8 percent in April.

In the 128-page annual report for 2009, the fourth of its kind since 2006, the banking regulator also expressed concerns over "quite large latent risks" in lending to local investment vehicles, the entities set up by local governments to help finance public works projects.

"There are quite large risks embedded in lending to local investment vehicles, as some banks gave out a huge amount of such loans in a concentrated manner and scrutiny of such loans was lax," it said.

The regulator estimated earlier that outstanding loans to over 8,000 funding vehicles established by local governments jumped to 7.38 trillion yuan by the end of 2009, up 70 percent from a year earlier.

The report also warned Chinese banks against rising risks associated with banks' activities in transferring part of loans off the balance sheets, as such activities will lead to less stringent regulatory requirements for capital base and bad loan provisions.

Liu Mingkang, CBRC chairman, said in the report that the banking sector is facing the risk of a bad loan rebound on the domestic front, and should closely watch the development of a number of factors that might hold back global economic recovery, such as trade conflicts, sovereign debt crisis and global industrial overcapacity.

"In the post-crisis era, China's banking sector has reached a new height... we remain cool-headed about the weaknesses to be addressed and fixed," Liu said.

China Daily

(China Daily 06/16/2010 page7)

[Jump to ]
Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
ChinaDaily Mobile News
m.chinadaily.com.cn
To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
主站蜘蛛池模板: 亚洲日韩精品欧美一区二区 | 日韩精品在线播放 | 欧美一级毛片一级毛片 | 最近日本免费观看视频 | 亚洲欧美成人在线 | 国产乱淫a∨片免费视频 | 久久精品国产免费高清 | 97在线免费观看视频 | 欧美一级毛片生活片 | 人成18亚洲资源在线 | 免费在线观看a级毛片 | 亚洲网站在线播放 | 日韩一区二区三区四区 | 久久久久久久久一次 | 亚洲综合国产一区在线 | 91免费高清视频 | 456亚洲老头视频 | 高清波多野结衣一区二区三区 | 免费一级毛片在线播放放视频 | 国产精品系列在线 | 免费看一毛一级毛片视频 | 日韩亚洲人成网站在线播放 | 国产精品一级片 | 国产国产成人人免费影院 | 欧美成人免费高清网站 | 日韩欧美成末人一区二区三区 | 看看免费a一片欧 | 免费一区二区三区四区五区 | 三级毛片大全 | 日韩三级视频在线 | 国产欧美日韩一区二区三区 | 最新在线精品国自拍视频 | a级一级黄色片 | 日本特黄特色 | 国产一区二区三区视频在线观看 | 精品久久久久久国产 | 国产欧美亚洲三区久在线观看 | 最新亚洲精品国自产在线 | 免费国产成人高清视频网站 | 国内成人免费视频 | 这里只有精品国产 |