--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Construction Bank Announces Big Reduction Non-Performing Assets

China Construction Bank, one of the country's largest banks, has announced 70 billion yuan or US$ eight and a half billion of bad debts were disposed of in the first 11 months of this year. 
 
With the gradual opening-up of the banking industry, the national central bank, Bank of China, has required all banks to lower their non-performing assets to less than 15 percent before 2005.

In April, a new banking regulatory body, the China Banking Regulatory Commission was set up to strengthen supervision of banks and help individual banks to reduce their non-performing assets.

The Regulatory Commission has also invited foreign investors to enter China's banking sector. Foreign investors can now hold up to 20 percent of shares in a bank as opposed to the previous 15 percent.
 
(Xinhua News Agency December 19, 2003) 

CCB, Morgan Stanley Sign NPL Disposal Agreements
'Firm, Effective' Policies for Non-performing Assets
China Seeks Foreign Capital to Manage Bad Assets
China Construction Bank Reports Record Business
Construction Bank Auctions off 4 Billion Yuan Offset Assets
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688