BEIJING :China's banking sector bad loan ratio stood at 1.71 per cent at the end of 2022, down 0.09 per centage point from a year earlier, the Shanghai Securities News said on Friday, citing the sector's regulator.Outstanding non-performing loans stood at 3.8 trillion yuan ($563.45 billion) at the end of las
BEIJING :China's banking sector bad loan ratio stood at 1.71 per cent at the end of 2022, down 0.09 per centage point from a year earlier, the Shanghai Securities News said on Friday, citing the sector's regulator.
China's financial regulators have stepped up efforts to rein in risks to lenders in response to a slowdown in the world's second largest economy, which was last year reeling with strict COVID-19 curbs, a deepening property crisis and weak demand. The media report cited the regulator China Banking and Insurance Regulatory Commission as saying that it last year further improved the quality and efficiency of financial institutions to serve the real economy.
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