CBRC urges banking industry to support consumer and SME

According to the Chinese voice of the "Yang News" 11:10 report, recently, Bloomberg News reports, China Banking Regulatory Commission chairman Liu Sun Ying to urge the banking industry to support consumption and small and medium-sized enterprises, while guarding against the rising asset bubbles, related to the situation connected to CCTV reporters: Moderator: Mr Liu analysis of how asset bubbles produced? Reporter: Mr Liu said that as the housing and stock markets rebounded strongly, the risk of structural bubbles was rising, and regulators would intervene and curb if they found that bank lending flowed into the property market or the stock market was used for speculation.　　This year, regulators will encourage consumption to support rural development and the development of small and medium-sized enterprises, health care and social security, as well as energy conservation and emission reduction industries.　　Moderator: Can China's banking industry cope with the risk of asset bubbles? Journalist: China's banking industry has withstood the test of international financial crisis, the ability to resist risks has increased greatly, and the international reputation has significantly improved. By the end of November 2009, China's commercial banks allocated coverage of 151%, the overall capital adequacy ratio reached more than 10%, the standard assets accounted for up to 99%, non-performing loans balance and proportion continued double drop, non-performing loan rate dropped to 1.6%.　　ICBC, CCB and BoC remain among the top three, with Bank of communications and China Merchants Bank at 11th and 16th places, according to the UK's Banker magazine, which ranks the world's listed banks by market capitalisation. Mr Liu also pointed out that although the mainland's new loans exceeded 9 trillion yuan in the first 11 months of last year, China's banking sector had ample capital, liquidity and impairment, and believed that the rise in non-performing loans caused by asset bubbles would not have a big impact on the banking sector.