Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CBRC Official: Overall NPL Rate in Chinese Banks is Less Than 2%

|Includes: CDC Corporation (CHINA), NEWS, RATE
Source: Beijing Times
+   Yan Qingmin, assistant Chairman at the China Banking Regulatory Commission (NASDAQ:CRBC), said that the overall non-performing loan rate in Chinese banks is less than 2%, meeting the standard of international banks.

+   According to a recent assessment by the IMF, China’s financial system is stable. Were, however, credit, real estate, exchange rates, and debt problems to occur at the same time, the health of the large domestic banks would be at risk.