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Chinese regulator to tighten oversight of banks’ bad loans

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Chinese regulator issued draft rules on Tuesday which increases types of assets that banks are required to recognise as non-performing loans (NPLs) to tighten oversight of banks’ asset quality.

Chinese banks are required to recognize not only bad loans but also defaulted bonds, souring interbank assets and off-balance sheet businesses as non-performing assets, and set aside more capital as a buffer, according to a statement released by the China Banking and Insurance Regulatory Commission (CBIRC) on Tuesday . . .

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