Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Bank regulator calls for better risk management
Adjust font size:

China's bank regulator has called on lenders to improve internal risk management following a surge of new loans in the first eight months of this year, a notice on the agency's Website said.

"With bank loans growing rapidly, all kinds of risks are rising in the banking industry," Liu Mingkang, chairman of the China Banking Regulatory Commission, said at a Shanghai conference on Friday, according to the commission's Website.

The central government's 4 trillion yuan (US$586 billion) stimulus plan to protect the economy from the global recession has resulted in heavy spending on public works and helped boost investment in factory equipment and construction.

But it has also brought the risk of asset bubbles and defaults.

Bank lending soared to a record 7.1 trillion yuan (US$1.1 trillion) in the first half of this year. It reached 8.15 trillion yuan by the end of August, the People's Bank of China reported, more than the 4.91 trillion yuan in lending for all of last year.

The Communist Party of China's Central Committee said on Friday at the end of its four-day meeting that the country would continue its proactive fiscal policy and moderately loose monetary policy.

(Shanghai Daily September 21, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Banking regulator suggests syndicated loans
- China's banking sector issues first social responsibility report
- China's central bank reaffirms credit policy
- Easy credit brings asset bubbles
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?