Econ and Finance - 30 Sep 2020

No funny business

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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).

Specifically (Caixin):

New loans shouldn’t be used to cover up bad loans.Banks can’t use off-balance-sheet sourc...

Snuh-ohez.

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