Head
Top News
56% festive online fashion sales driven by phones: Study
56% festive online fashion sales driven by phones: Study
Japanese capital pouring into textile, garments in Vietnam
Japanese capital pouring into textile, garments in Vietnam
Vietnamese garment firms plan to boost exports to Canada
Vietnamese garment firms plan to boost exports to Canada
US retail industry jobs grew by 18,600 in Nov 2018
US retail industry jobs grew by 18,600 in Nov 2018
Digital Ink Sciences introduces new ink formulation
Digital Ink Sciences introduces new ink formulation
China to expand capital tools for banks to raise funds
2018.03.14

China's financial regulators Monday issued a plan to expand capital tools for commercial banks to replenish their capital in order to boost their support for the real economy.

The country will improve rules to enable commercial banks to raise funds through multiple channels, including convertible bonds and other loss-absorbing debt instruments, according to the plan jointly issued by the China Banking Regulatory Commission (CBRC) and another four regulators.

The country will work on policies to allow institutions such as social security funds, insurance companies, brokerages, and fund companies to invest in the capital tools that commercial banks issued to replenish capital, according to the plan posted on CBRC website.

Financial regulators will also streamline the approval procedures for these capital raising tools.

This came as the country's financial regulators increased supervision to defuse risks, resulting in higher standards for capital.

Source(s): Xinhua News Agency

Footer2017
CTEI.CN
Official website of CNTAC
Core of China National Textile & Apparel Council (CNTAC)
CTEI.CN is official website of China National Textile & Apparel Council. Commissioned by CNTAC, CNTEX is the operator of CTEI.CN.
CNTEX
Leading provider of Marketing services in Chinese Textile and Apparel Industry
Resource and Information center of Chinese Textile and Apparel Industry
Providing overall marketing plans for international enterprises entering Chinese Textile and Apparel Market.