Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
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 on Thursday.
Banks should strictly categorise asset class, improving profits, increase bad loan provisions, replenish capital and strengthen . . .
Sign In or Subscribe To Get Full Access.
Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.
Follow China Market In The Most Efficient Way!Â
We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!
Sign Up For Free Weekly China Market Highlights HERE!Â