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 was delivered through window guidance and it's not yet a formal regulatory requirement.
Currently, banks are required to include . . .
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