.=223
CONFIDENTIAL
29
機密
with a view to influencing or adjusting the overall level
of economic activity, through the use of such tools as
rates, banking reserve
requirements, discount facility, and issue of debt
instruments to financial institutions.
interest
rates,
exchange
In addition, it
will supervise the entire banking sector, and the money and
debt markets.
47.
loans.
As to the state specialised banks, they will maintain separate accounts for policy loans and commercial In one to two years' time, new banks responsible solely for providing policy loans and commercial loans will be set up, and some existing banks will SO re-constitued(14).
Banks involved in
respectively
also be
commercial lending will have to comply with international standards pertaining to prudential supervision of banks, including the capital adequacy ratios laid down by the Basle Committee, and to make adequate provisions for bad debts. Also, they will have to adopt commercial principles
in assessing the viability and risks of loans. Banks policy lending, on the other hand, will
involved in
(14) China is
currently contemplating a new "Commercial Banking Law", which will lay the foundation for a banking supervision system in the country. According to a press report, the PBOC branches in Guangzhou and Shenyang have been chosen as experimental points for the transformation into state-owned commercial banks by the end of this year.
Moreover, China plans
to set up three more state specialised banks for channelling credit into major projects according to the government's policy State Long-term
priorities.
These
are
the
Development Trust Bank, which is responsible for financing key construction projects; the Import and Export Credit Bank, which is responsible for providing credit for export of capital goods; and the Agricultural Policy-Oriented
Bank,
which is responsible for promoting projects for agricultural development.
The first two banks will be set up by the end of 1993, and the third one probably by 1994.
CONFIDENTIAL
機密
No comments yet.
Private notes are available after approval.