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 . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In