On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

Listen Live Now » 1440 AM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
52° Feels Like: 52°
Wind: WSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 42°

Tomorrow

Mostly Sunny 69°

Thurs Night

Partly Cloudy 43°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

China aims for 100 percent bank liquidity coverage ratio by 2018

People stand in front of the headquarters building of Industrial and Commercial Bank of China Ltd (ICBC) in Beijing, October 15, 2013. REUTE
People stand in front of the headquarters building of Industrial and Commercial Bank of China Ltd (ICBC) in Beijing, October 15, 2013. REUTE

BEIJING (Reuters) - China's banks will have to increase their liquidity coverage ratio (LCR) to 100 percent by 2018 under new rules to take effect from March 1, the banking regulator said on Wednesday.

The China Banking Regulatory Commission (CBRC) also reaffirmed its requirement that commercial banks' loan-to-deposit ratio cannot be higher than 75 percent.

(Reporting by Koh Gui Qing and Kevin Yao; Editing by Jacqueline Wong)

Comments