China delayed implementation of bank capital increase

BEIJING . An unstable global economy led to re-think China to tighten monetary policy . That is why the government was delaying the implementation of the State Panda tightening banking capital until next year . This step is intended to increase lending amid the economic slowdown .

Earlier , in August last year, the China Banking Regulatory Commission said it would implement the policy as of January 1 this year . However , based on certain considerations , the implementation of this policy was postponed .

" China Banking suffered heavy pressure lately. Delay regulation is not surprising , because the government seeks to help relieve the pressure on banks to raise capital in , " said Chen Xingyu , analyst at Phillip Securities in Shanghai .

For your additional information , China 's economy grew 8.1 % in the first quarter of this year . The figure is the lowest in the last 11 quarters .(Kontan.co.id)