New Capital Rules Bring China's Banking Regulation up to Global Standards

An important step forward, China modernizes its commercial banks by ensuring a sound financial position through the newly issued measurable capital adequacy standards.

21 minute readMarch 31, 2004 at 11:58 PM

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By Michael G. DeSombre and Weiheng Chen, Sullivan & Cromwell LLP, Hong Kong

On February 23 2004, the China Banking Regulatory Commission (the CBRC) fulfilled its promise¹

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