USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

No liquidity shortage in banks

Xinhua | Updated: 2013-06-29 10:53

SHANGHAI -- China Banking Regulatory Commission Chairman Shang Fulin soothed concerns over Chinese banks' liquidity conditions on Saturday, saying there is no liquidity shortage in China's banking system as both and required reserves are adequate.

Shang said the recent cash crunch would not affect the stable operation of Chinese banks, but he acknowledged that some banks needed to improve their liquidity and risk management.

Shang promised to strengthen regulation over wealth management products (WMPs), especially the behaviors of commercial banks. He urged banks to improve transparency of WMPs sales.

The CBRC chairman said the authorities would continue regulating local government financing vehicles (LGFVs), and work out plans to standardize LGFVs.

Shanghai said the regulators want to simplify financial structure and advance financial reforms on the basis of real economy.

Most Viewed in 24 Hours
BACK TO THE TOP
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