在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>China
       
 

Plans discussed to recapitalize banks
By Zhang Dingmin (China Daily)
Updated: 2004-12-02 21:34

The Chinese Government is planning to recapitalize two of its four State-owned commercial banks to prepare them for joint-stock restructuring, a top official said yesterday.

The move, for the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC), follows a combined US$45 billion capital injection into the Bank of China and China Construction Bank near the end of last year.

"(We) have got to recapitalize (them), whatever the form," Lou Jiwei, China's deputy finance minister, said yesterday.

"(We) have got to strip off their non-performing loans, and establish corporate governance structures," he told The China Conference: Capital Markets and Corporate Governance, which was sponsored by the ICBC and HSBC.

"There is no doubt about that," Lou added. "We are studying those issues."

The official did not give other details about upcoming capital infusions. Sources said earlier the plans could win final approval by the end of the year.

Analysts widely estimate the move could cost the government far more than the US$45 billion spent on their peers.

The ICBC is the largest of the four State-owned lenders, and the ABC, the second largest in terms of assets, is seen as the weakest in financial strength. The BOC and CCB are believed to have relatively healthy balance sheets.

Lou also sent an invitation to overseas financial institutions to participate in the restructuring of the two banks as strategic investors, which the Chinese Government hope will help improve the banks' corporate governance and management.

"I hope international consortia, banks and my foreign counterparts will consider it from a strategic perspective," he said. "The Ministry of Finance looks forward to co-operating with potential investors."

Liu Mingkang, chairman of the China Banking Regulatory Commission, said more time is needed to study reform plans by the ICBC and ABC.

But the two banks have done tremendous preparatory work this year, including improving their internal control systems and loan approval mechanisms, Liu said.

Last year's capital injections, coupled with other reform moves such as stripping more bad loans off their balance sheets, have raised the capital adequacy ratios for the BOC and CCB above the 8 per cent minimal requirement.

All the four banks are targeting initial public offerings in the stock market, although the target could be two to three years away for the ABC, the weakest.



 
  Today's Top News     Top China News
 

Banks show improvement in capital strength

 

   
 

Prudent course charted for 2005 deckhead

 

   
 

All 166 trapped miners confirmed dead

 

   
 

Male homosexuals estimated up to 12.5m

 

   
 

Skyworth scandal ignites stocks sell-off

 

   
 

Hot car sales in China cool down

 

   
  All 166 trapped miners confirmed dead
   
  Banks show improvement in capital strength
   
  Hot car sales in China cool down
   
  New wave of gold rush hits China
   
  Skyworth scandal ignites stocks sell-off
   
  HK Legco vetoes motion to hold referendum
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Banks show improvement in capital strength
   
Banks show improvement in capital strength
   
Minsheng Bank may defer H-share listing
   
Australians buying into Jinan city bank
   
HSB receives approval to set up Beijing branch
   
Merchants Bank has no plan for overseas IPO
   
Reform on regional lenders deepens
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 天天干视频 | 老女人毛片 | 欧美色综合天天久久综合精品 | 性久久久久 | 亚洲精品国产精品乱码不卡 | 涩涩97| 久草综合在线 | 亚洲午夜剧场 | 九九天堂 | 久久午夜影院 | 97国产在线视频 | 欧美日韩在线一区二区三区 | 青青草国产在线视频 | 国产成人精品一区二区三区福利 | 国产精品久久网 | 99热在线观看 | 欧美在线观看视频 | 手机福利视频 | 欧美深夜福利 | 欧美性猛交xx| 成人免费看片在线观看 | 狠狠干伊人 | 欧美不卡在线 | 国产伦精品一区二区三区视频网站 | 午夜免费网站 | 免费观看黄色片 | 午夜在线观看免费视频 | 国产吃瓜黑料一区二区 | 国产精品伦 | 一区二区三区四区精品 | 美女91网站 | 欧美精品久久久久 | 国产欧美精品一区二区色综合 | 免费av网址在线观看 | 黄在线免费观看 | 91免费片| 色婷婷视频在线观看 | 国产日韩精品视频 | 国产乱人乱偷精品视频 | 亚洲精品影院 | 精品一区二区三区在线观看 |