China's financial system stable: central bank

Despite complex domestic and global economic conditions, China's financial system operated in a stable manner in 2011, with improving risk-aversion capability, according to a central bank report released on Monday.

The fiscal strength of the government, enterprises and individual households remained healthy, and financial infrastructure continued to be steadily built last year, the People's Bank of China said in the 2012 financial stability report.

Stress test results showed, 17 key commercial banks had a strong capability of withstanding the macroeconomic shocks.

Bank's capital reserves were adequate, but with slowing deposit growth, the liquidity pressure was going up, according to the evaluation of the banking system.

Agencies - China Daily