Briefly

Trial ratings for foreign banks start

China on Tuesday released trial measures for comprehensive regulatory ratings of foreign banks' Chinese branches. Ratings will be based on core factors like risk management, operational control, compliance, asset quality and the level of support bank branches in China receive from their global head offices, which involves the assessment of operating risks, financial conditions and management capabilities of their head offices, said the China Banking and Insurance Regulatory Commission. Regulators will take the annual ratings as an important basis for allocating regulatory resources, granting market access and implementing classified oversight of the branches in China. The measures will guide foreign banks to improve risk management, the CBIRC said.

CR24 installs beam for bridge on railway

China Railway 24th Bureau Group Corp Ltd, a unit of centrally administered China Railway Construction Corp, said its builders have recently installed the first T-shaped beam for the Gaoqiaohe Bridge on the Wuhan-Yichang section of the Shanghai-Chongqing-Chengdu High-speed Railway, laying a solid foundation for the construction work that will follow. With a total length of 313.8 kilometers and a designated speed of 350 kilometers per hour, the section will connect five cities and aims to help boost the integrated development of the Yangtze River Economic Belt.

China Daily