The China Bank Regulatory Commission....>

CHINA PRESS: The China Bank Regulatory Commission will tighten regulations on

city commercial banks in a bid to prevent liquidity and credit risks, the 21st

Century Business Herald reported Tuesday, citing Cao Yu, vice-chairmen of the

CBRC. These regional banks are struggling to obtain deposits, particularly when

regulators are cracking down on interbank transactions as part of their

deleveraging campaign, the report said. According to the CBRC, assets of city

commercial banks increased 24.5% year-on-year to CNY28.24 trillion at the end of

2016, an asset growth rate 8.7 percentage points higher than the average of the

banking sectors, while their liabilities rose 25% to CNY26.4 trillion, the

report said. (21st Century Business Herald)