http://www.bjreview.com AUGUST 29, 2019 BEIJING REVIEW 7
XINHUATHIS WEEK
to the use of IP as a pledge for
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Commercial banks are encour-
aged to establish separate credit
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performance appraisal and incentive
mechanisms to support IP pledge
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having risks under control, said the
statement.
A feasibility study can be
advanced in the sphere of using IP
assets, geographical indications and
layout designs of integrated circuits
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The commission also said it
would tolerate a slightly higher bad
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business of commercial banks, which
have found major hindrances related
to the evaluation, disposal and sell-
off of IP pledges.
Solutions given by the commis-
sion involve the training of IP pledge
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ment of a sound in-house evaluation
mechanism, the making of pledge
registration, the strengthening of
the dynamic management of col-
laterals and the tight monitoring of
1.2 trillion cubic meters of reserves
with an annual production capacity
of 12 billion cubic meters in the gas-
rich Sichuan Basin, which accounts
HQTPGCTN[QPG³HVJQH%JKPC«UVQVCNPrivate Banks
Private banking in China is likely
to see a boom in the sector amid
increasing policy support.
Related government agencies
are developing policies to facilitate
private banks’ healthy growth,
according to a report by Economic
Information Daily on August 19.
China gave the green light
for private banks in 2014, but the
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in 2017 and 2018 amid the country’s
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Currently, there are 17 private banks
across the country.
The 18th private bank is soon
to be established, as the country’s
banking regulator gave the go-
ahead to a bank in east China’s
Jiangxi Province in May.A bank in central China’s Henan
Province is seeking to get approval
by the end of the year, while banks
in regions like Shanxi Province are
working on preparations, the report
said.
China will reform and improve
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and develop private and community
banks to better serve the real econ-
omy, according to the government
work report issued in March.
Only one of the 17 private banks
is operating in the red. But most of
them have reported limited capital
supplementary tools, high debt
costs and lack of proper corporate
governance, according to the
newspaper.
Earlier this year, the China
Banking and Insurance Regulatory
Commission said that enhanced
regulatory measures will be taken
to monitor private banks’ balance
sheets and business operations to
ensure they grow on an orderly
borrowers’ business operations. track.
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ing of China’s banking institutions
stood at 98.5 billion yuan ($
billion) at the end of March, up 98
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statistics showed.New Gas Resources
Sinopec, China’s leading petroleum
and petrochemical producer, has
explored 92 billion cubic meters of
natural gas reserves in southwest
China’s Sichuan Province, the com-
pany said on August 14.
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are expected to produce 2 billion
cubic meters of natural gas per year,
equivalent to the annual gas con-
sumption of 10 million households.
A total of 40.8 billion cubic me-
ters of new gas reserves have been
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province, which is China’s deepest
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Sinopec will further explore gas
resources and submit 20 billion cu-
bic meters of gas reserves this year.
The company has so far provenXINHUAHardcore Technology
A boy plays with a smart robot at the 14th China Xi’an International Science
and Technology Industry Expo in northwest China’s Shaanxi Province
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biotechnology, optoelectronic chips and information technology.
A Big Market
A shop assistant (left) shows jewelry to a customer at an Italian imported
jewelry store in Qingtian County, east China’s Zhejiang Province, on August 20.
With more than 300,000 overseas Chinese in over 100 countries and regions,
Qingtian has great importing advantages and the local government has
recently enhanced its support for import trade and commerce.