Chinese Property Dip Sparks Bank Fears.ppt

* * * Chinese Property Dip Sparks Bank Fears /story/001041843/ce Presenter:李倩文 Group members：李倩文0903012236 卢晓燕0903012235 陈燕平0903012233 　 Property transactions in China’s largest cities have fallen to dangerously low levels, according to regulatory documents obtained by the Financial Times（英国金融时报）. According to the documents, earlier this year the China Banking Regulatory Commission（CBRC,中国银行业监督管理委员会） ordered domestic banks to weigh the impact of a 30 per cent decline in housing transactions in “stress tests” aimed at determining the health of the Chinese financial system. The tests did not take into account the impact fewer deals and lower property prices would have on bank collaterals. 单击添加副标题 While Beijing has been trying to rein in sky-high property prices, a China property slump would have a big ripple effect(涟漪效应，连锁反应） on the global economy. Construction of property accounted for more than 13 per cent of China’s economy last year. In April the CBRC told banks to test their loan books against a 50 per cent fall in prices, and also a 30 per cent fall in transaction volumes. In October, however, property transactions fell 39 per cent year-on-year in China’s 15 biggest cities , according to government data. Nationwide, transactions dropped 11.6 per cent, up from a 7 per cent fall in September. 单击添加副标题 中国银行业监督管理委员会 ，简称银监会 The China Banking Regulatory Commission (CBRC) is an agency of the Peoples Republic of China (PRC) authorized by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative regions. In response to their swelling debt loads, undercapitalization and non-transparent business practices, the government of China recapitalized the banks and set up the CBRC as the country’s independent banking regulator in 2003. Liu Mingkang was appointed its first chairm