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Speech at the 1st Pan-Asian Regulatory Summit

Speech at the 1st Pan-Asian Regulatory Summit. Dr. YAN Qingmin Director-General China Banking Regulatory Commission. 1. 2. 3. Main Contents. A sustained and stable development in China’s banking sector. A risk-based and consolidated supervision with strong controls and transparency.

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Speech at the 1st Pan-Asian Regulatory Summit

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  1. Speech at the 1st Pan-Asian Regulatory Summit Dr. YAN Qingmin Director-General China Banking Regulatory Commission

  2. 1 2 3 Main Contents • A sustained and stable developmentinChina’s banking sector • A risk-based and consolidated supervision with strong controls and transparency • Both banks and the regulator shall make efforts to improve capabilities to deal • with crisis

  3. CAR 11.1%, core CAR 9% • Total assets reached 87.2 trillion RMB, • NPLs ratio 1.3%, provisioning coverage ratio 186% • 226.98 billion RMB net profits, of which 14.9% from fee-based business • ROE 19%, ROA 1.1% A sustained and stable developmentinChina’s banking sector By the end of June this year: 一级分行

  4. CBRC: A risk-based and consolidated supervision with strong controls and transparency Combine Rule-Based Supervision with Principle-based Supervision Combine Institutional-Based Supervision with Business-based Supervision Combine Macro-supervision with Micro-supervision

  5. Common equity and retained earnings no less than 75% of Tier-1 capital Banks Large exposure requirement for single client and group clients Another 2% capital buffer for all the banks and 1% additional capital for SIFIs 0.5% countercyclical capital buffer to address credit expansion Joint efforts to improve capabilities to deal with crisis

  6. Joint efforts to improve capabilities to deal with crisis (Cont’d) China Banking Regulatory Commission • 10 measures to promote the stable economic development • Enhance the cross-border supervisory coordination and information exchange Re-install the market confidence by reacting counter-cyclically Closely monitor those industries with active speculative activities Require the bank to limit the loan-to-value of loans to developers, strictly comply with the policies targeting loans to second and more homes Issue the supervisory guidelines regarding the compensation packages in commercial banks Address the pro-cyclical activities Signal the risks in the designing and marketing of wealth management products Set the principle of ‘buyers pay for his own decision and sellers are responsible for risk disclosure’

  7. Thanks!

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