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China removes regulation on loan-to-deposit ratio

Xinhua, June 24, 2015 Adjust font size:

The State Council on Wednesday approved a draft amendment to China's Banking Law that removed the 75 percent loan-to-deposit ratio, which gives banks more freedom to lend.

The ratio will instead be seen as a liquidity-monitoring indicator, according to a statement released after an executive meeting chaired by Premier Li Keqiang.

The move will enable financial institutions to increase lending to agriculture, small and micro-businesses, the statement said. Endi