At a meeting on Wednesday chaired by Governor Yi Gang, the People’s Bank of China said the international economic and financial environment remained complex. Photo: Reuters
China’s central bank eyes ‘noticeable decline’ in interest rates to help drive growth
- People’s Bank of China says it will ‘make flexible use of multiple monetary tools to maintain reasonably ample liquidity … deepen interest rate liberalisation’
- Credit support for private firms will be ‘in line with their contribution to the economy and society’, it says
Topic |
China economy
At a meeting on Wednesday chaired by Governor Yi Gang, the People’s Bank of China said the international economic and financial environment remained complex. Photo: Reuters
Virtually all Chinese banks already set aside more money than the required minimum to compensate for bad loans. Photo: Reuters
China intends to boost bank dividends with proposed cap on bad loan provisions, but will this backfire?
- China’s Finance Ministry has proposed a new rule that would cap the amount banks have to set aside for bad loans
- Loan loss provisions should not exceed twice of the minimum regulatory level with any excess funds released as profits
Topic |
China economy
Virtually all Chinese banks already set aside more money than the required minimum to compensate for bad loans. Photo: Reuters