New Chinese banking panel to focus on loan reform
The newly established China Banking Regulatory Commission has revealed its priorities will be to reduce the NPL ratios at commercial banks and quicken reform at state-owned commercial banks.
Source: The China Daily
China's newly unveiled banking commission, largely as expected, has placed top priority on battling what is possibly the sector's most virulent problem - massive non-performing loans (NPL).
A top official with the China Banking Regulatory Commission said supervisory priorities for t
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