CBRC relaxes liquidity rules

The China Banking Regulatory Commission said in an online statement on Friday that it is proposing to ease requirements on lenders' liquidity levels to reflect new changes in the Basel III guidelines.

The CBRC said it will extend the deadline for banks to meet the required minimum liquidity coverage ratio, or LCR, which was to have taken effect this year, until 2018.

The LCR - the proportion of a bank's highly liquid assets against its total net cash outflows in the subsequent 30 days - is a regulatory gauge that reflects a bank's short-term resilience under high-stress scenarios.