CBRC to set new rules for banking sector

Criteria for capital adequacy, leverage and liquidity addressed

BEIJING - The China Banking Regulatory Commission (CBRC) confirmed on Monday evening that it is drafting a slew of new rules to set tougher criteria for capital adequacy, provisions, leverage, and liquidity conditions for lenders.

The country's banking regulator told the China Securities Journal that the new regulations would be published soon to better contain financial risks.