Liquidity
The China Banking Regulatory Commission attempted to soothe anxiety over bank liquidity and wealth management products by disclosing the agency’s latest figures on the niche lending industry. Chairman Shang Fulin said total excess reserves in the country's banking system totaled Rmb1.5 trillion as of June 26, more than double the normal payment and settlement demand. He fadded total outstanding loans to loval governments stood at Rmb9.59 trillion by the end of March and the non-performing loans ratio was 0.14%.