Bloomberg News

China Banking Regulator Asks City Banks to Support Small Loans

October 28, 2011

Oct. 28 (Bloomberg) -- China Banking Regulatory Commission Chairman Liu Mingkang asked the country’s city commercial banks to ‘strongly’ support loans to small companies and treat them as main clients, according to a statement posted on the regulator’s website today.

Non-performing loan ratio at China’s city commercial banks was 0.79 percent at the end of September while bad loan coverage ratio was 298.7 percent, the statement said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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