China aims for 100 percent bank liquidity coverage ratio by 2018

BEIJING Wed Feb 19, 2014 3:23am EST

People stand in front of the headquarters building of Industrial and Commercial Bank of China Ltd (ICBC) in Beijing, October 15, 2013. REUTERS/Jason Lee/Files

People stand in front of the headquarters building of Industrial and Commercial Bank of China Ltd (ICBC) in Beijing, October 15, 2013.

Credit: Reuters/Jason Lee/Files

BEIJING (Reuters) - China's banks will have to increase their liquidity coverage ratio (LCR) to 100 percent by 2018 under new rules to take effect from March 1, the banking regulator said on Wednesday.

The China Banking Regulatory Commission (CBRC) also reaffirmed its requirement that commercial banks' loan-to-deposit ratio cannot be higher than 75 percent.

(Reporting by Koh Gui Qing and Kevin Yao; Editing by Jacqueline Wong)

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