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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Regulator to impose stricter policy on bad loan recognition
    2019-05-07  08:53    Shenzhen Daily

THE national banking regulator has told China’s major lenders to accelerate recognition of nonperforming loans (NPLs), as officials seek to bolster the quality of lending, according to sources familiar with the matter.

The China Banking and Insurance Regulatory Commission in recent weeks used so-called window guidance to inform banks with nationwide operations that they must classify corporate loans overdue for more than 60 days as nonperforming, down from 90 days previously, Bloomberg News quoted the sources as saying yesterday.

It’s a change that underscores policymakers’ more cautious stance on curbing risks and addressing the nation’s longstanding issue of understating bad debt.

China’s largest State-owned banks and national joint stock banks have until later this year to meet the new requirements, the sources said.

The new requirements only apply to corporate loans. The four biggest lenders, including Industrial & Commercial Bank of China Ltd., started adopting the tougher bad loan recognition last year, said the sources. The four largest banks last month reported that they are seeing bad loans grow at the fastest pace since at least 2017.

Authorities have taken a stricter stance on dealing with bad loan issues since early last year, when all lenders were forced to reclassify loans overdue for more than 90 days as nonperforming. (SD-Agencies)

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