China’s banking regulator has softened rules requiring lenders to set aside provisions against losses on bad loans, to encourage banks to provide more trustworthy assessments of their health.
The move suggests that even as regulators pursue a “regulatory windstorm” to curb excess in the banking system, they are calibrating their efforts to ensure lenders are providing enough credit to keep the economy humming.
For years investors have viewed Chinese banks’ official non-performing loan (NPL) ratios with scepticism, amid suspicion that lenders use loan rollovers or off-balance-sheet accounting to disguise the extent of credit losses.
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