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LHASA, Aug. 15 (Xinhua) -- A senior official of the Communist Party of China (CPC) has urged greater efforts to implement democratic management in Tibetan Buddhist monasteries.Concerted and solid efforts must be paid to implement democratic management in Tibetan Buddhist monasteries, said the official, Du Qinglin, head of the United Front Work Department of the CPC Central Committee.Du, also vice chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks during a conference on democratic management of Tibetan Buddhist monasteries which was held in Xigaze of Tibet Autonomous Region from Aug. 14 to 15.Competent Tibetan Buddhist monks and nuns who are politically reliable, extraordinarily learned and widely respected should be selected to monastery management committees through thorough democratic consultation, said he,In implementing monastery democratic management, the lawful rights of monasteries, orderly religious activities of monks and nuns, and normal religious practice of believers must be ensured, he added.The 11th Panchen Lama, Bainqen Erdini Qoigyijabu, who is also vice president of the Buddhist Association of China, sent a congratulatory letter to the conference.The conference was attended by some 150 people from Tibetan Buddhist circles and relative governmental organizations.
BEIJING, June 23 (Xinhua) -- Chinese banks should set up an independent risk management system in line with its strategic expansion plan as part of efforts to ward off financial risks, China's banking regulator said Wednesday.The breakout of the global financial crisis highlighted the necessity of increasing management of differentiated sovereign risks, the China Banking Regulatory Commission said in a guideline published on its website.Just as Chinese banks were expanding throughout the world, the overseas risks they were facing were on the rise, the guideline noted.Sovereign risks refer to ones that banks are exposed to when overseas borrowers or debtors are unable to repay debt because of their countries' economic, political and social changes.Chinese lenders were required to differentiate risks according to the countries involved and make policies on the minimum potential loan loss provisions ranging from 0.5 percent to 50 percent, according to the guideline.The banks must meet the requirements under the guideline by June 1, 2011.

BEIJING, Aug. 5 (Xinhua) - China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies.The China Banking Regulatory Commission (CBRC) reaffirmed in an online statement that it allows banks in regions with soaring property prices to suspend loans for third homes according to their assessment on credit risks.The CBRC also said the down payment and the lending rate for third homes mortgage loans should be raised, but the specific amount should be determined by banks.The declaration was made in response to domestic reports that the CBRC had ordered banks in Beijing, Shanghai, Shenzhen, and Hangzhou to stop issuing loans to third home buyers.According to Bloomberg's Thursday report, the banking regulator had told lenders to include worst-case scenarios of prices dropping 50 to 60 per cent in cities where they have risen excessively, which signaled that the government might be growing more concerned about the health of the real estate market.
来源:资阳报