Banks of systematic importance will encounter a financing gap of 400 billion to 500 billion yuan (USD seventy seven. 51 billion) in the next five years, Wu said while delivering an opening speech in the fifth Annual China Bankers Forum.
Chinese banks are currently able to satisfy the new standard of the Basel III framework, the new global banking requirements agreed by G-20 leaders at the conclusion of last year, with core capital adequacy ratio of most banks reaching 9 percent, Wu said.
But a capital gap will grow as China's banks lending scales expand in a relatively rapid pace, Xinhua quoted her as saying.
Nearly 20 trillion yuan in new loans were extended over the past two years included in the government's crisis-combating stimulus package.
In July, China's new lending stood at 492. 6 million yuan. To fill the new capital gap, Chinese banks would need much more market financing, or they would seek government financial support that ensures government holding within the banks, Wu said.
China's banking regulator announced earlier this week that it's drafting tougher capital rules for Chinese lenders to meet the Basel 3 standard.
The new rules will keep the minimum capital adequacy ratio with regard to banks of systematic importance at 11. 5 per cent, while raising the actual ratio for banks of non-systematic importance to 10. 5 per cent.