CBRC May Require Banks to Set Aside Reserves of 2.5% of Loans, Caixin Says

China’s banking regulator is drafting a plan to require banks to maintain reserves of 2.5 percent of total loans, Caixin reported, citing an unidentified person close to the regulator.

China Banking Regulatory Commission will discuss the plan with the nation’s banks before possibly implementing by the end of the year, the report said.

The requirement will have little impact on large banks, while small banks may be affected, the report said.

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