China's banking and insurance regulators at the local level have asked some banks to meet higher requirement for counting bad loans, in a bid to better disclose the risk situation of the banking sector and to further improve asset quality.
Local branches of the China Banking and Insurance Commission in some regions have required banks to count loans overdue by 60 days or longer as non-performing loans, reported the state-run China Securities Journal, noting that the requirement . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In