Money
Banking regulator to release data on banking sector
Updated: 2011-01-28 10:43
(Xinhua)
BEIJING -- China Banking Regulatory Commission (CBRC), the banking regulator, said Thursday it would regularly publish statistics on the banking sector this year to provide the public better service.
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Financial institutions in the banking sector refers to commercial banks, urban and rural credit cooperatives and policy banks.
The regulator also said that it has amended the existing rules on bank derivatives in a bid to strengthen lenders' relevant risk hedging and capital control.
The amendment is aimed to encourage more commercial banks to employ derivatives to offset asset default risks and enhance capital control, according to the CBRC.
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