Chinese commercial banks reported much higher non-performing loans at the end of May, as the effect of tighter regulations on bad loan classification is gradually kicking in.
Chinese banks reported non-performing loans of RMB1.9 trillion (US$293 billion), or a NPL ratio of 1.9%, at the end of May, according to data released by the China Banking and Insurance Regulatory Commission. (more…)
Tighter Regulation Pushes Up Bad Loan Ratios Of Chinese Commercial Banks appeared first on China Money Network.