Call to adapt loans to varying conditions
Print Edition
CHINA has ordered its banks to adopt a differentiated approach to loans to firms and individuals affected by the re-organization of the overcapacity steel and coal industries.
Lenders should ensure they meet reasonable capital demand but halt loans to loss-making enterprises, according to a guideline jointly released by financial regulators yesterday.
The guideline allowed loans to firms able to repay debts to be rolled over to help them weather hardships, and it encouraged lending to laid-off workers starting their own businesses.
Banks should help deal with corporate debts and non-performing assets through debt restructuring and bankruptcy liquidation and prevent isolated cases from growing into systemic and regional risks, the guideline said.
It was released by the People’s Bank of China, the China Securities Regulatory Commission, the China Banking Regulatory Commission and the China Insurance Regulatory Commission.
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