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Chinese regulator warns of bad loan risks in banking sector

Chinese regulator on Thursday warns of risks stemming from bad loans in the banking sector, after it said earlier this month that lenders may face a sharp rebound in bad loans due to coronavirus-induced economic pain.

"We should always make sure no systemic financial risks will occur and make advance arrangement to deal with significantly increase in non-performing loans (NPLs) in the banking sector," said the China Banking and Regulatory Commission (CBIRC) in a statement . . .

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