China banking regulator says pressure persists for rebound in NPLs

BEIJING (Reuters) – China’s banking regulator said on Friday that there is persisting pressure for non-performing loans to rise for the sector.

The regulator also has asked banks to prevent risks from local government hidden debt and its influence on banks, Xiao Yuanqi, head of the prudent regulation department at the China Banking Regulatory Commission (CBRC), told a briefing in Beijing.

Chinese commercial banks’ NPL ratio steadied at 1.74 percent at the end of December, unchanged from the end of the third quarter, CBRC data showed earlier.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.