State-owned banks ICBC and China Construction Bank (CCB) have reported non performing loan coverage ratios below the 150 per cent regulatory minimum. Photo: AFP
Cathy Holcombe
Opinion

Opinion

The View by Cathy Holcombe

Chinese banks are suddenly being frank about the non-performing loans mystery

Under pressure to pay out a steady flow of dividends, some state-owned banks are ‘smoothing’ quarterly earnings

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State-owned banks ICBC and China Construction Bank (CCB) have reported non performing loan coverage ratios below the 150 per cent regulatory minimum. Photo: AFP
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