The State Council had approved a draft amendment to the commercial banking law to end a cap on banks lending a maximum of 75 per cent of their deposits. Photo: Reuters

China to scrap loan-to-deposit ratio requirement for commercial banks in bid to boost slowing economy

Revision of 20-year-old law is latest move to reform sector and boost lending as growth slows

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The State Council had approved a draft amendment to the commercial banking law to end a cap on banks lending a maximum of 75 per cent of their deposits. Photo: Reuters
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