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
Topic |   China economy

TOP PICKS

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
READ FULL ARTICLE
Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.