Progress in curbing financial risks in Q1
Print Edition
CHINA continued to make progress in curbing risks in the financial sector in the first quarter of 2018, said Moody’s.
“We are noticing slowing asset growth and stabilizing asset quality, as well as accelerating loan growth as banks are returning to conventional lending and away from shadow banking activities,” Nicholas Zhu, Moody’s vice president and senior analyst, said in a report.
“Looking ahead, we expect the regulators will maintain a cautious approach in order to alleviate any potential disruption to the real economy from the clampdown on shadow banking and interbank activities,” Zhu said.
China’s banking institutions saw their total assets of 256 trillion yuan (US$38.7 trillion) at the end of the first quarter, up 7.4 percent year on year, slower than the 14.3-percent growth a year earlier, official data showed.
The average non-performing loan ratio for commercial banks was 1.75 percent by the end of the first quarter, edging up 0.01 percentage point from the end of 2017, said the China Banking and Insurance Regulatory Commission.
Asset quality stabilized in line with sustained expansion in the macroeconomy, the report said.
Lenders’ profitability improved, while liquidity remained balanced among the banks, the report said.
Chinese authorities have taken stricter measures to regulate the financial sector, as preventing risks is one of the “three tough battles” it aims to win in the next three years.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
