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Chinese Banks' NPLs Improve in H1: Journal

CHINA PRESS
MNI (Singapore)

The collective non-performing loan ratio of Chinese commercial banks decreased 0.05 percentage point to 1.76% at the end of Q2 from Q1, while net profits in the first half totaled CNY1.1 trillion, a rise of 11.1% y/y, the China Securities Journal reported citing a report by China Banking Association. In the second half, banks will need to step up efforts disposing of non-performing assets as the industry becomes more competitive and regional differences increase, demanding higher competencies controlling risks and managing businesses, the report said. Banks face continued challenges in managing liquidity and market risks given the pandemic uncertainties, interest rate reform, a more volatile yuan and capital flow, the report said.

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