Big banks are cutting their interbank...>

CHINA PRESS: Big banks are cutting their interbank assets, and small- to

medium-sized banks are reducing their dependency on interbank liabilities,

showing the effects of the ongoing financial deleveraging campaign, Securities

Times reported on Thursday. 

  - The interbank liabilities of small- and medium-sized banks reduced to

CNY12.82 trillion in May from CNY14.01 trillion at the end of 2017, the lowest

in 17 months; and big banks saw their interbank assets dropping from CNY5.05

trillion last year to CNY4.04 trillion in May, the report said, according to

data from the PBOC. 

  - Small- and medium-sized banks wanted to reduce their issuances of negotiable

certificates of deposit because of both the quota set by the regulators, and

their own intentions to actively adapt to regulation measures, said the report,

citing a source at a big joint-stock bank.