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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: John McCarthy	1/20/2010 8:27:30 AM
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China Regulator: Banks Must Base Lending On Real Demand BEIJING (Dow Jones)--China's banking regulator said Monday banks will always be required to base their lending on real demand and properly manage the pace and quality of lending. The China Banking Regulatory Commission sent the comments to reporters in a mobile-phone text message, without providing a further explanation. The text message was likely in response to a report widely cited by local media that the CBRC had set new yuan loan quotas for the country's big state-owned lenders. The CBRC said banks should ensure they meet a range of regulatory requirements, including those covering their capital adequacy ratio, provision coverage ratio and leverage ratio. The responsibility for drawing up banks' credit plans lies with their boards of directors, it said. -Victoria Ruan contributed to this article, Dow Jones Newswires; 8610 8400 7799; victoria.ruan@dowjones.com online.wsj.com

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