Outstanding NPLs across the banking sector exceeded two trillion yuan by the end of May, a 14 per cent rise since the start of the year. Photo: Ion Woo, Reuters
Outstanding NPLs across the banking sector exceeded two trillion yuan by the end of May, a 14 per cent rise since the start of the year. Photo: Ion Woo, Reuters

China’s banks face highest level of bad loans since 2004

PBOC advisor tells Beijing forum that NPL ratio is ‘being underestimated’, and urges government to push forward sector reform

Outstanding NPLs across the banking sector exceeded two trillion yuan by the end of May, a 14 per cent rise since the start of the year. Photo: Ion Woo, Reuters
Outstanding NPLs across the banking sector exceeded two trillion yuan by the end of May, a 14 per cent rise since the start of the year. Photo: Ion Woo, Reuters
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