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China's banking sector has not..........>

CHINA PRESS
CHINA PRESS: China's banking sector has not changed its hawkish stance toward
the real estate sector even though some local banks and administrations have
lowered down payment ratios and interest rates on home loans, according to
Securities Times. Citing Xiao Yuanqi, the spokesman for the China Banking and
Insurance Regulatory Commission, the newspaper reported that those adjustments
are still in line with the general regulations of the central government. Xiao
said bank profits in China will increase at the same rate as last year despite
the negative impact of the epidemic. The non-performing loans (NPL) ratio
increased 5 bps in February and will continue to rise over the following months,
but this will be controllable as the system has CNY6 trillion in provisions
covering NPL's of CNY3 trillion, Xiao said. 

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