Print This Page Email This Page
Eligible Smaller Rural Banking Institutions Encouraged to Go Public

China's smaller rural banking institutions are encouraged by the industry regulator to get listed on stock markets when conditions are ready, a source with the China Banking Regulatory Commission (CBRC) said on Wednesday.

CBRC supports the eligible smaller rural banking institutions in introducing strategic investors from abroad, the source added.

The industry watchdog ordered the rural banking institutions to ensure a capital adequacy ratio at 8 percent and their average non-performing loan ratio at less than 10 percent by 2010.

At the end of 2010, a modern financial corporate system should be established initially for the smaller rural banking institutions, with their corporate governance improved significantly and competitive edge sharpened substantially, according to CBRC.

CBRC data show that by the end of 2007, combined assets of the smaller rural banking institutions nationwide amounted to 5.6 trillion yuan (US$787.6 billion), up from the 2.2 trillion yuan in 2003. They made 1.2 trillion yuan in loans to more than 300 million farmers from 78.17 million households, up from 400 billion yuan in 2003.

(Xinhua News Agency March 5, 2008)


Related Stories
- Regulator Encourages Funding for Rural Banking
- China Details Market Entry Policies for Banking Institutions in Rural China
- Five Village Banks Emerges Amid Government Efforts to Boost Rural Banking

Print This Page Email This Page
China to Build Country's 1st Inland Nuclear Plant in Hubei
China Improving Rural Access to Medical Care
Grassroots Voices Grow in China's Top Legislature
China Speeds Repairs to Snow-damaged Schools for Spring Term
Guangdong to Build Nation's Largest Off-shore Wind Farm
Political Advisor Suggests Forecasting CPI


Product Directory
China Search
Country Search
Hot Buys