Want to pay US$ in Indonesia? Good luck.
Jul 8, 2015
China mulls abandoning loan-to-deposit ratio rule
Regulatory roundup: China mulls abandoning loan-to-deposit rule; Hong Kong licenses Goldman Sachs subsidiary; China cancels shipping fees.
China mulls abandoning loan-to-deposit ratio rule
China may remove the 75% loan-to-deposit ratio requirement on commercial banks, according to draft proposals discussed during the bi-monthly legislative session starting on 24 August, reported Xinhua. Shang Fulin, chairman of China Banking Regulatory Commission, said the requirement is no longer suitable for commercial banks and would help boost the real economy.
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