Press "Enter" to skip to content

Chinese local regulators eye tighter rules on bad loans

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

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

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day

 

Free Trial + Christmas Offer!

Christmas Offer

 

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

 

Top