The China Banking Regulatory Commission has cut the minimum loan loss provision for Chinese banks to between 1.2 and 1.5 times the amount of impaired loans, instead of the 1.5 times before. Photo: Handout

China cuts amount of funds banks are required to set aside for bad loans

China Banking Regulatory Commission ditches ‘one size fits all’ approach and will assess banks individually

Topic |   Financial regulation

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The China Banking Regulatory Commission has cut the minimum loan loss provision for Chinese banks to between 1.2 and 1.5 times the amount of impaired loans, instead of the 1.5 times before. Photo: Handout
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