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Assets of China's banking financial institutions exceeds 60 tln yuan
[2008-12-30 16:08:56]
December 29, 2008
By the end of November this year, the total assets of China's banking financial institutions exceeded 60 trillion yuan and reached 61.1 trillion yuan, 323 times that of 1978, said Liu Mingkang, Chairman of the China Banking Regulatory Commission during the recent China Finance Forum 2008.
According to Liu, the risk resistance capacity of China's banking industry has changed dramatically. Banks meeting the capital adequacy ratio have increased from eight in 2003 to the current 193, accounting for 99.5% of the total assets of the entire banking industry.
The effectiveness of banking regulations continues to increase.
At present, most banking financial institutions have established and perfected the basic framework of corporate governance. Advanced management practices including economic capital, economic value added and the return of capital after risk adjustment have been extensively applied and valued. The operational mechanism and management capabilities of the banking industry have been remarkably enhanced.
By People's Daily Online
According to Liu, the risk resistance capacity of China's banking industry has changed dramatically. Banks meeting the capital adequacy ratio have increased from eight in 2003 to the current 193, accounting for 99.5% of the total assets of the entire banking industry.
The effectiveness of banking regulations continues to increase.
At present, most banking financial institutions have established and perfected the basic framework of corporate governance. Advanced management practices including economic capital, economic value added and the return of capital after risk adjustment have been extensively applied and valued. The operational mechanism and management capabilities of the banking industry have been remarkably enhanced.
By People's Daily Online
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