Basel Ⅲ and the Guidelines for Implementing New Regulatory Standards in the PRC Banking Industry （the CBRC Guidelines） settle the policy framework for China. When the capital adequacy ratio can not reach the requirement, the guidelines can limit blind credit expansion, restrain overheated economy, and control risk levels of the commercial bank. When most banks reach the lowest capital adequacy ratio, the effect of eapital restraints will be weak obviously, and other policy tools will become the main means to control credit. However, most banks will choose denominator strategy to change their capital combination to reduce risks. Tile regulatory authorities should meet regulatory need by regulating capital adequacy ratio reversdy aiming at excess volatility with smooth credit supply aeeording to the current situations of Chinese banks.%随着巴塞尔协议Ⅲ和中国银监会印发的《中国银行业实施新监管标准指导意见》的出台，确立了我国银行业实施新监管标准的政策框架。受此影响，当一部分银行资本充足率不迭标时，可以约束盲目信贷扩张，抑制经济过热的手段之一，调控商业银行整体风险水平；当大部分银行都达到了最低资本充足率要求时，资本约束效应将明显弱化，其他政策工具将是调控信贷的主要手段；而大部分银行为了降低风险。会选择“分母”对策，调整其资产组合。监管部门应我国银行业现状出发，以平滑信贷供给的过度波动为目标，逆风向调整资本充足率，以满足监管要求。
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