Overall, 15 of the 29 banks recorded a rise in their non-performing loan ratio between 2007 and 2018, with some reporting almost five times the maximum ratio allowed by the securities regulator. Photo: Reuters
China’s rural banks struggling under pressure of overdue loans as slow growth, trade war take their toll
- A total of 29 of China’s rural banks this year have applied to raise capital by selling new shares to replenish their balance sheets in 2019
- Almost a third have reported a non-performing loan ratio of more than 5 per cent, the so-called warning line established by regulators
Follow your favourite topic and get notified
Overall, 15 of the 29 banks recorded a rise in their non-performing loan ratio between 2007 and 2018, with some reporting almost five times the maximum ratio allowed by the securities regulator. Photo: Reuters
