>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
The bad loan ratio of Chinese banks' lending to small and micro businesses is close to "the level of tolerance" previously set by authorities, said the banking regulator. But it added that financial sector is expected to make a more contribution to further boost economic recovery.
China's nonperforming "inclusive loans"－or loans to such small businesses- totaled 0.4 trillion yuan as of the end of June, rising 9.25 per cent from the start of the year, the China Banking and Regulatory Commission (CBIRC) said in a statement on Saturday.
That brought NPL . . .
Sign In or Subscribe To Get Full Access.
Everything you are looking for about China markets is on THE WIRE, with up-to-the-minute reporting on regulatory updates, economic indicators, market trends and company spotlights throughout every trading day.
Random China information is everywhere, but focused and systematic reporting on China market is rare.
Sign Up For Free Weekly China Market Highlights HERE!