Regulator considers bailout of China banks

The China Banking Regulatory Commission said on Thursday 29 May that time is running out for lenders to reduce the levels of nonperforming loans and if this did not happen a bailout of the industry may be considered.

Source: Reuters

China's new banking regulator said Thursday that "time is running out" for lenders to reduce bad loans, improve management and bolster capital, and that another bailout of the industry was under consideration.

Liu Mingkang, chairman of the China Banking Regulatory

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