Reported about 1 year ago
Managing financial risks has been a top priority in recent years for China, prompting its banking industry to expedite the disposal of non-performing assets. From 2020 to 2023, financial institutions in the banking sector have consistently disposed of non-performing assets totaling over 3 trillion yuan each year, with a similar trend expected for this year. Various listed Chinese banks recently held shareholder meetings, highlighting the ongoing focus on non-performing asset disposal. Measures such as the transfer of non-performing loans have been in pilot for over three years, with small and medium-sized banks increasingly participating. As banks face growing pressure from real estate risks, clearing and disposing of non-performing assets have become imminent tasks for the industry.
Source: YAHOO