Chinese authorities: NPL levels are little changed
PBoC governor Yi Gang vows to resolve property sector risks as another developer defaults
Non-performing loans (NPLs) in the Chinese banking sector changed little in the first eight months of the year, according to official data, despite mounting economic difficulties.
The proportion of NPLs on Chinese banks’ balance sheets was 1.74% by the end of the third quarter, down 0.06% from the start of the year. The figure was published by state-owned newspaper Shanghai Securities Journal, which cited officials at the China Banking and Insurance Regulatory Commission.
The amount of
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