Source: Netease, ChinaScope Financial (Data)
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Sources say that the China Banking Regulatory
Commission (CBRC) is increasing the 2012 loan-to-deposit ratio target for the
Industrial and Commercial Bank of China (ICBC) to 63%. The targets for two
other banks have also been raised, but these details were not disclosed.
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China’s banking regulations limit bank lending
to 75% of deposits. In 2011, the CBRC developed more detailed loan-to-deposit
ratio restrictions for selected banks in order to control credit expansion.
To stimulate credit supply, CBRC has set a higher LDR target for
state-owned banks
Trading Comparable
Other News Headlines:
n Premier WEN Reiterate That Housing Policies Will Not be Relaxed
n Total Electricity Consumption in Feburary Increased 22.95% YoY
n CBRC Raises Loan-to-Deposit Ratio Target to Encourage Lending
n Pinggao Electric Wins Bid for State Grid’s UHV Project
n Tencent’s Revenue in Q4 2011 Increased 43% to CNY 7.92 Billion
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