China News agency Beijing, July 3 (Julina) in the view of Zhu Min, deputy governor of the bank, when the global financial industry is in a slump, the Chinese are heading for the road of Hope. ' Chinese banking will not only become the world's largest banking market, but will also become one of the most lucrative markets in the banking sector, ' Zhu said here on 3rd. "China's overall banking sector is still very healthy, with a small amount of toxic assets." "The bank's holdings of Lehman bonds were only $758 million trillion, compared with a small figure of 70 trillion assets," Zhu said. China's banking capital is more than 9%, the total capital of Chinese banks is about 13%, when the world deleveraging, China's banking ratio is 65% to 70%. He predicts a big change in the world's banking landscape: Britain's status as a veteran and traditional financial centre will decline; the overall financial size and strength of the US are inevitably weakened; And China's banking industry will go up on the basis of its original size. ' The country has a 4 trillion yuan stimulus package that gives a lot of room for loan growth, and so far this year, the total number of new loans has increased by more than 6 trillion trillion yuan, which is growing fast, but China has the ability to support the size of 6 trillion yuan loans, ' Consumer loans, he argues, are a big driver of growth in China's banking sector. Another big boost is the use of the renminbi as a trade financing tool. It is reported that the central bank yesterday announced that the mainland and Hong Kong to carry out renminbi settlement. "We now even see foreign agencies asking us to provide renminbi based export credit, and as the renminbi is used as a trans-national trade, the renminbi's derivative products will certainly come out, which is another huge opportunity." "However, Zhu also suggested that China's banking sector be mindful of risk management, manage capital flows and liabilities, and" remain normal and not overly greedy. Finish
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