from The BRICS Post:
China’s top banking regulator soothed concerns over Chinese banks’ liquidity conditions on Saturday, saying there is no liquidity shortage in the banking system as both excess reserves and required reserves are ample.
China Banking Regulatory Commission (CBRC) Chairman Shang Fulin said the recent cash crunch would not affect the stable operation of Chinese banks, but he acknowledged that some banks needed to improve their liquidity and risk management.
“Recently, some international organizations and industry insiders have expressed worry about a slowdown in China’s economic growth, local government debt, the real estate market, and related areas,” Shang said.
Please follow SGT Report on Twitter & help share the message.