BEIJING, Nov. 26 -- China will improve the regulatory framework for systemically important financial institutions, with the release of a draft to solicit public opinions on the measures for the evaluation of systematically important banks.
The draft was issued on Tuesday by the People's Bank of China and the China Banking and Insurance Regulatory Commission.
The measures will be the basis for the identification of systemically important banks in China, according to a statement jointly issued by the two departments.
At present, the total assets of China's financial industry are around 300 trillion yuan (42.65 trillion U.S. dollars). The total assets of the banking industry are 268 trillion yuan, accounting for 89 percent of the total, data showed.
The Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank have been included in the list of global systemically important banks, according to the statement.
Identifying and strengthening the supervision of systemically important banks will help improve the transmission mechanism of monetary policies, promote fair and orderly competition in the market, improve the stability of China's banking system, and help prevent and resolve systemic financial risks, analysts said. Enditem
体坛英语资讯:No Yao? No problem for Rockets
体坛英语资讯:Beijing Olympic flame arrives in Pakistani capital
体坛英语资讯:Top seed Henin ousted in Dubai Championship tennis
国际英语资讯:At least 108 killed in Haiti by Hurricane Matthew
体坛英语资讯:Becker urges Federer to stay in Olympic village
体坛英语资讯:Route of Beijing Olympic torch relay in Dar es Salaam confirmed
体坛英语资讯:Kobe, Gasol spark Lakers past Magic
体坛英语资讯:Roddick to skip Olympics with U.S. Open in mind
体坛英语资讯:Doctor: Yao Ming recovers well after foot surgery
体坛英语资讯:Phoenix acquire ONeal from Miami
体坛英语资讯:Li Na wins as Peng Shuai crashes
体坛英语资讯:Wariner beaten by Australian Batman
体坛英语资讯:Yao powers Rockets to big win over Cavaliers
体坛英语资讯:Zhu leads Guangdong to CBA title with 31 points
体坛英语资讯:Olympic torch relay in Muscat concludes
体坛英语资讯:Li Na Sharapova march on
体坛英语资讯:No problems after Ronaldo operation - surgeon
体坛英语资讯:Hammers plan to upset another title hopeful
体坛英语资讯:Embattled Chinese womens coach tries to keep grip
体坛英语资讯:Federer and Henin win top sports awards
体坛英语资讯:France files protest after defeat by China in Fed Cup
体坛英语资讯:ZZ goal gives China 1-1 tie with Iraq
体坛英语资讯:Llodra beats Soderling to win Rotterdam tennis title
国际英语资讯:DPRK blasts U.S. for stepping up pressure, sanctions
体坛英语资讯:China chalks up breathtaking victory at world table tennis
体坛英语资讯:Tanzania dances for joy at torchs sub-Sahara debut
体坛英语资讯:Barcas title hopes dented
国际英语资讯:More Chinese cities to move to tame housing price rise: report
体坛英语资讯:Serena brushes Schnyder aside for Bangalore Open title
体坛英语资讯:Ajax rout Excelsior to narrow gap with Eindhoven