Liu: the banking subdivision rate of revisit on capital engaged in work 17.1%

According to Xinhua journal April 18, the China Banking Regulatory Commission Chairman Liu Mingkang on the 18th in the 2009 Boao Forum for Asia annual assembly said that China’s banking subdivision withstand the fiscal critical purpose, has upheld a firm growth.

Liu held at the club, “the search for financial innovation, openness and balanced regulation,” sub-forum, said non-performing loans of China’s banking sector has been a very good balance of control, capital adequacy ratio on the rise, banks a good rate of return, the development of the banking sector is healthy.

He said that in 2008 industry-wide yield of China’s banking subdivision arrived at 583.4 billion yuan, setting a world record for the utmost yield expansion atop 30%, but in addition the world’s first. Industry-wide revisit on capital arrived at 17.1 percent.

The participants are concerned about the issue of non-performing loans of China’s banking sector, Liu said that the first quarter of this year, China’s banking sector non-performing loan rate was only 2.04 percent, a decrease of the end of last year more than 0.38 percentage points. Balance of non-performing loans, representing a decrease of 10.77 billion yuan last year. In his view, this results in a substantial increase in loans made under the circumstances, and not easy to come by.