China's banking and insurance regulator is taking more measures to encourage banks to continue increasing lending to smaller firms, including lowering the nonperforming loan ratio requirement for loans to small-sized companies.
The China Banking and Insurance Regulatory Commission said it has lowered the nonperforming loan ratio requirement for loans to small and micro-sized enterprises (with a credit line of 10 million yuan) allowing the NPL ratio for the type of loans to be up to 3 percentage points higher than that of other types of loans, according to a statement released on Wednesday.
The regulator stressed that . . .
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