China’s private companies are the largest employers in urban areas. Photo: AFP

Beijing orders banks to relax bad debt ratio for loans made to small companies

  • Banks can loosen NPL ratio tolerance for small companies by 3 percentage points, China’s top banking regulator says
  • Move seen as helping to shore up private sector, a generator of 80 per cent of jobs in urban areas
Topic |   Central Banks

TOP PICKS

China’s private companies are the largest employers in urban areas. Photo: AFP
READ FULL ARTICLE