The capital-adequacy ratios of China's four major commercial banks should all reach the current international benchmark of 8% by the end of 2002, state media reported Feb. 6, 2001, citing comments by People's Bank of China Gov. Dai Xianglong. Speaking after a recent quarterly meeting of the central bank's banking and monetary policy committee, Mr. Dai said the four banks should also begin to reduce their exposure to nonperforming loans within the next three years, China Radio reported in the
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