News Column

Shanghai FTA Cancels Financial Policy Limitation

February 19, 2014

SHANGHAI, February 19, SinoCast -- An expert participating in discussing financial policy for Shanghai Free Trade Area told reporters that local branches of commercial banks will be limited by supervision indices for loan-deposit ratios and deposit reserve ratios.

Government agencies have reached consensus that former supervision indices needed optimization. The cancellation of policy limitation resulted from the facts that local bank loans and deposits mostly come from inter-bank lending and financing of international financial institutions.

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Source: Sinocast Banking & Credit Beat (China)

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