皇冠体育app

Money

Banks get go-ahead to sell loans on interbank market

(Agencies)
Updated: 2010-09-26 09:07
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皇冠体育app has allowed banks to sell loans on the interbank market and 21 banks already agreed to start transactions, Bloomberg reported Saturday.

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Bloomberg said that the banks include Industrial & Commercial Bank of 皇冠体育app Ltd, HSBC Holdings Plc and 皇冠体育app Construction Bank Corp.

As a new product in 皇冠体育app's interbank market, the "loan transfer" plan will improve banks' risk-management ability and help with the central bank' macro control, Zhou Xiaochuan, governor of the People's Bank of 皇冠体育app, the country's central bank, was quoted by the report as saying.

The start of a "loan transfer" market will improve liquidity of loan assets at banks and the pricing mechanism of credits. It will also allow the market to better set interest rates, said ICBC Chairman Jiang Jianqing, according to Bloomberg.