China works over new measures to restrict interbank market borrowings

Almaty. August 15. Silkroadnews – China works over new measures to restrict interbank market borrowings, Russian information portal Finam said.
China has prepared new measures to restrict borrowings by financial institutions in the interbank market. The move is aimed to control vulnerability of the country’s banking sector to credit risks, the report said.
With this the quarterly report on the monetary policy of China’s central bank referred to shows that from the first quarter of next year the county’s creditors with assets over 500 billion yuan ($75 billion) will be required to classify their short-term certificates of deposit to interbank loans.
A share of interbank debt accounts for not more than a third of all liabilities of the bank.