China’s four largest listed banks – Industrial & Commercial Bank of China (ICBC), China Construction Bank Corporation, Bank of China, and Bank of Communications – must add US$70 billion to their cumulative reserves to comply with the country’s capital adequacy of 11.5%, state media reported. In an article, ICBC’s president Yang Kaisheng estimated that the capital requirements are over four times the US$15.7 billion three of the banks have already stated they plan to raise in 2010. Yang encouraged regulators to allow banks to sell loans to third parties and introduce securitization as possible means of increasing market liquidity.