No funny business
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
On Tuesday, the Beijing branch of the China Banking and Insurance Regulatory Commission (CBIRC) issued a statement outlining how banks should deal with non-performing loans (NPLs).
New loans shouldn’t be used to cover up bad loans.Banks can’t use off-balance-sheet sourc...