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China’s top banking regulator warns banks against a rise in non-performing assets

In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This remarkable piece by Reuters reports that China’s top banking regulator warns of bad debt and local real estate bubbles. Read on.

“China’s top banking and insurance regulator said banks should guard against a rise in non-performing assets, as the country rolls back some of the relief measures implemented during the pandemic to help firms withstand the fallout.

In 2020, the central bank encouraged financial institutions to lower rates for virus-stricken firms and extend payment deadlines, among other measures, to give borrowers some breathing space during the coronavirus crisis.”

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