Lates News

The People's Bank of China and the State Administration of Foreign Exchange issued a notice regarding the adjustment of overseas lending operations for banking financial institutions. It was proposed to increase the leverage ratio for overseas lending of domestic and foreign-owned banks, domestic Sino-foreign joint venture banks, and foreign banks' domestic branches from 0.5 to 1.5, and to increase the leverage ratio for overseas lending of import and export banks from 3 to 3.5.