Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said that an increase in bad loans puts huge pressure on the nation’s lenders, especially small and regional ones. Photo: Xinhua
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said that an increase in bad loans puts huge pressure on the nation’s lenders, especially small and regional ones. Photo: Xinhua
China economy
Economy /  China Economy

China’s top bank regulator sees surge of bad loans straining financial system in 2020, 2021

  • Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, vows to improve corporate governance at banks
  • Warning comes as many of China’s small lenders are facing a reckoning after years of undisciplined balance sheet expansion, fraud and corruption

Frank Tang
Frank Tang in Beijing

Updated: 10:34pm, 13 Aug, 2020

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Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said that an increase in bad loans puts huge pressure on the nation’s lenders, especially small and regional ones. Photo: Xinhua
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said that an increase in bad loans puts huge pressure on the nation’s lenders, especially small and regional ones. Photo: Xinhua
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