MNI Policy: China to Restructure High-risk Fin'l Institutions

     BEIJING (MNI) - China is studying ways to restructure high-risk financial

institutions this year, allowing some to "exit the market" while letting some to

be merged or bought out, Guo Shuqing, chairman of the China Banking and

Insurance Regulatory Commission, told reporters on Tuesday.

     As a measure of China's push for supply-side reform, regulators will

identify and eliminate inefficiencies, Guo said on the sideline of the National

People's Congress. 

     Last year, regulators ordered banks to reorganize CNY1.96 trillion

non-performing loans, with half of that written off, Guo said. 

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

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