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China sets additional capital and leverage requirements for large banks

BEIJING, April 2 (Reuters) – China’s central bank published draft rules on Friday imposing additional operational requirements on major banks deemed important to the financial system.

These banks will have to meet new criteria in terms of capital requirements, leverage ratios and liquidity, according to a statement published jointly by the People’s Bank of China and the China Banking and Insurance Regulatory Commission.

The new requirements are intended to improve risk management for large Chinese banks and bring them in line with global standards, the statement added.

(Information from Cheng Leng, Zhang Yan and Tony Munroe; edited by Mark Heinrich; translated by Flora Gómez at the Gdansk newsroom)

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