China tightens lending rules again

Author: Karry Lai | Published: 27 Oct 2017

By Karry Lai, Asia reporter

China Banking Regulatory Commission (CBRC) chairman Guo Shuqing and People’s Bank of China governor Zhou Xiaochuan warned of further tightening of financial regulation at the 19th National Congress of the Communist Party of China last week. Deepening reforms and safeguards against cross-market financial risks can also be expected.

Guo’s remarks centered around China’s commitment through governance and enforcement to ensure financial market stability, rein in non-performing loan (NPL) exposure and target local government and corporate debt, shadow banking and real estate bubbles.

"Banks’ wealth management services and interbank businesses will be the main focus areas of regulators," said Guo. While the overall NPL ratio for banks is 1.9% - lower than in many...



close Register today to read IFLR's global coverage

Get unlimited access to for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb