Chinese banks had a record high of 3.02 trillion yuan in non-performing assets in 2020, government data shows. Photo: Simon Song Chinese banks had a record high of 3.02 trillion yuan in non-performing assets in 2020, government data shows. Photo: Simon Song
Chinese banks had a record high of 3.02 trillion yuan in non-performing assets in 2020, government data shows. Photo: Simon Song
China economy

China’s top banking regulator sees surge of bad loans in 2021 as effects of coronavirus bite

  • Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, says the number of bad loans will rise this year
  • Chinese banks had a record high of 3.02 trillion yuan (US466.9 billion) in non-performing assets in 2020, government data shows

Topic |   China economy
Chinese banks had a record high of 3.02 trillion yuan in non-performing assets in 2020, government data shows. Photo: Simon Song Chinese banks had a record high of 3.02 trillion yuan in non-performing assets in 2020, government data shows. Photo: Simon Song
Chinese banks had a record high of 3.02 trillion yuan in non-performing assets in 2020, government data shows. Photo: Simon Song
READ FULL ARTICLE