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China will strictly prohibit consumption loans from being irregularly used for house purchases and strengthen the management of capital flowing to the property sector from banks' wealth management, entrusted loans or other channels, according to the statement.
China's 37 listed banks realized a collective net profit of 1,453 billion yuan in 2016, up 3.65 percent year on year, growing by 0.8 percentage point as compared to 2015, according to the report Listed Banks in China – 2016 Review and Outlook released on Tuesday by EY, a global leader in assurance, tax, transaction and advisory services.
China will take necessary measures, in response to foreign exchange market fluctuations, including using a strengthened risk management system, said Pan.
China's State Council has asked the country's big commercial banks to set up "inclusive finance" departments by the end of the year to offer small businesses and low-income households financial services at affordable costs.
China's central bank announced a plan to reform the LPR mechanism in August 2019, to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy.
来源：资阳报