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Smaller Chinese Banks Pressured On Asset Quality

CHINA PRESS
MNI (BEIJING)

Small and medium sized banks in China are facing pressure to ensure asset quality and control risks, according to a financial expert interviewed by Shanghai Securities News on the sidelines of the National People’s Congress. To improve the situation, the delegate said market-based approaches to clearing and asset restructuring should be allowed. The disposal of non-performing assets should be accelerated, and banks should focus on actual market demand and serve the real economy.

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

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