Reuters: Regulatory News: China to adjust loan-to-deposit ratios for banks in Shanghai free trade zone

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China to adjust loan-to-deposit ratios for banks in Shanghai free trade zone Sep 29th 2013, 07:27 SHANGHAI, Sept 29 | Sun Sep 29, 2013 3:27am EDT SHANGHAI, Sept 29 (Reuters) - Chinese banking regulators will adjust loan-to-deposit ratios and other regulatory requirements for banks in the Shanghai free trade zone which formally opened for business on Sunday, a senior banking regulator said. Liao Min of the Shanghai branch of the China Banking Regulatory Commission made the comments during a press conference following the opening ceremony. The government has said it plans to use the zone, formally named the China (Shanghai) Pilot Free Trade Zone, as a test bed for further reforms in the world's second largest economy. On Friday the country's cabinet published its official planning document for the zone, proposing a range of changes including loosening of the state's grip on the currency market and banking system.

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