|
|
|
|
|
BEIJING, Dec 22, 2010 - (ACN Newswire) - An officer of the China Banking Regulatory Commission(CBRC) said that the regulator would strengthen financial services especially the county-level by expanding capital-raising channels and promoting financial innovation in order to support economic development.
Jiang Dingzhi, the vice chairman of CBRC, was speaking in Beijing at a seminar on China's county-level economic development, which was attended by economists and more than 100 county-level officials.
Qualitydress.com's analyst said that the county financial services still failed to meet the needs of their local economic development.
An officer said the the banking regulator would encourage big commercial lenders to open outlets in counties to ensure rural residents had easy access to basic financial services.
The banking authority would also guide excess urban funds to support county-level economic development, and properly regulate the development of small-loans companies.
Qualitydress.com's analyst said that the CBRC would encourage quality county-level enterprises to raise funds through bond issues and initial public offerings.
Qualitydress.com's analyst also said that telephone banking and on-line banking should continue to be promoted among rural residents.
The CBRC should accelerate the establishment of rural financial institutions, such as township and village banks, while strengthening supervision of these institutions, sadi by Qualitydress.com's analyst .
Contact:
www.qualitydress.com
Tel: +86-10-65569770
Email: my@qualitydress.com
Topic: Research / Industry Report
Source: Qualitydress.com
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
