China bank regulator says liquidity ample, debt risks manageable

China’s chief banking regulator said on Saturday that liquidity in China’s banking system is sufficient and pledged to control risks from local government debt, real estate and shadow banking.

Despite a cash squeeze that sent money-market interest rates soaring over the last two weeks, banks have more than enough reserves to meet settlement needs, Shang Fulin, chairman of the Chinese Banking Regulatory Commission (CBRC), said at a financial forum on Saturday.

via Business feed http://www.scmp.com/business/economy/article/1271761/china-bank-regulator-says-liquidity-ample-debt-risks-manageable