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Mr Liu: As at the end of February, the reserve rate for major firms was 165.1%

Source: Internet
Author: User
Keywords Bank Commercial Bank China China
Tags added balance banking external the domestic
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March 26 Noon news, China Banking Regulatory Commission chairman Liu said Friday, as at the end of February this year, the main commercial banks reserve coverage of 165.1%.　　He added that the current regulatory focus would be on the most important and riskier banks, and that domestic banks would need to reduce the debt ratio of off-balance sheet and external assets.　　Mr Liu also said China cannot sacrifice quality because of its pursuit of rapid growth, and must further deepen price and tax reform. Prior to the CBRC's proposed provision coverage target of 150%. As at the end of 2009, the domestic commercial banks reserve coverage of 155.02%.

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