China's PBOC considers new plan on NPLs

The People's Bank of China is considering adopting an aggressive new strategy to offload another 200 bln yuan in non-performing loans (NPLs) from the Bank of China and China Construction Bank, as the government steps up its efforts to clean up the nation's lenders.

The PBoC is currently working on the plans to buy NPLs from BOC and CCB to help them improve their balance sheets, Li Ruogu, vice governor of the PBoC told reporters on sidelines of a finance forum today in Beijing.

Reports said the

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