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Banking Risks Under Control - PBOC

CHINA PRESS
MNI (BEIJING)

China’s banking risks remain controllable with key indicators at a reasonable range, according to the People’s Bank of China. A recent PBOC report found 4,000 commercial banks were low risk, with 300 classified as high risk which accounted for less than 2% of all banking assets. The 24 largest banks accounted for 70% of assets and had excellent ratings. In future, officials will promote marketisation and rule of law, and dismantle a number of high-risk and large-scale enterprise groups. The central bank will firmly ensure the country has no systemic risks. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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