Global EditionASIA 中文双语Français
Europe

Highlights

China Daily Europe | Updated: 2017-03-17 08:14
Share
Share - WeChat

China may strengthen financial asset checks

China could update the level of financial asset regulation if necessary to tackle "serious problems" in the country's financial product market, People's Bank of China Governor Zhou Xiaochuan said on March 10.

Zhou said the major regulatory bodies overseeing the banking, securities and insurance sectors, the central bank and the foreign exchange administration have reached a consensus on a way forward, with detailed management policies to come out later.

Deleveraging process cannot be rushed

The deleveraging process needs to be implemented steadily, senior officials with the central bank said on March 10.

Yi Gang, vice-governor of the bank, said the deleveraging process cannot be implemented at a fast pace, in order to fend off financial risks. "The first step is to control the leverage level," Yi said.

Central bank Governor Zhou Xiaochuan said the financial sector should refuse to support enterprises with high leverage ratios.

Slower growth forecast for mortgage loans

Mortgage loans are expected to record slower growth this year, while extension of these loans will help to reduce real estate stocks in lower-tier cities. But this may lead to price rises in major cities, central bank Governor Zhou Xiaochuan said, adding that mortgage loans can boost growth of related industries.

"We should adopt a relatively balanced policy (on mortgage loans)," said Zhou.

Xin Zhiming And Wang Yanfei

(China Daily European Weekly 03/17/2017 page8)

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US