Measures for the Administration of the Leverage Ratio of Commercial Banks

商业银行杠杆率管理办法

These Measures shall apply to commercial banks established in the PRC, including wholly Chinese-owned banks, wholly foreign-owned banks and Sino-foreign joint venture banks.

(Promulgated by the China Banking Regulatory Commission on June 1 2011 and effective as of January 1 2012.)

Order of the CBRC [2011] No.3

(中国银行业监督管理委员会于二零一一年六月一日公布，自二零一二年一月一日起施行。)

Part One: General provisions

Article 1: These Measures have been formulated pursuant to the PRC Law on the Regulation of the Banking Sector and the PRC Law on Commercial Banks in order to effectively control the degree of leverage of commercial banks and ensure the safe and stable operation of commercial banks.

Article 2: These Measures shall apply to commercial banks, including wholly Chinese-owned banks, wholly foreign-owned banks and Sino-foreign joint venture banks, established in the People's Republic of China.

Article 3: For the purposes of these Measures, the term “leverage ratio” means the ratio between a commercial bank's Tier 1 capital that complies with relevant provisions and the balance of its adjusted on-balance-sheet and off-balance-sheet assets.

Article 4: Both a commercial bank's consolidated and unconsolidated leverage ratios may not be less than 4%.

Article 5: The China Banking Regulatory Commission (the CBRC) shall conduct monitoring inspections of the leverage ratios of commercial banks and their management thereof in accordance herewith.

Article 6: The CBRC shall monitor the overall status of the leverage ratios of the banking industry on an ongoing basis and strengthen its analysis and prevention of the systemic risks of the banking industry.

银监会令[2011] 3号

Part Two: Calculation of the leverage ratio

Article 7: The formula for calculating the leverage ratio of a commercial bank is set forth below:

第一章　总则

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