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MNI BRIEF: PBOC Policy Stance Will Maintain Bank Margins - Yi

(MNI) London
SINGAPORE

The People's Bank of China will persist with a normal policy stance, maintaining an appropriate interest rate margin for lenders in order to enable them to better serve the real economy, said PBOC Governor Yi Gang said at the Annual Conference of Financial Street Forum Thursday.
Maintaining interest margins within a reasonable range will help lenders recapitalise, dispose of bad loans and reduce loan costs for companies, Yi said, noting that interest income still provides a big proportion of banks' profits.
In recent years, Chinese banks have strengthened efforts to dispose of bad loans and to address credit risks, he said. There are 19 systemically important banks in China, accounting for 60% of total banking sector assets.

MNI London Bureau | +44 203-865-3829 | jason.webb@marketnews.com
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MNI London Bureau | +44 203-865-3829 | jason.webb@marketnews.com
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