Finance minister: China to well handle bad loans
0 Comment(s)
Print
E-mail China.org.cn, March 7, 2016
|
|
|
Chinese Minister of Finance Lou Jiwei gives a press conference on the sidelines of the fourth session of China's 12th National People's Congress at the press center in Beijing, capital of China, March 7, 2016. [China.org.cn |
Chinese Finance Minister Lou Jiwei said Monday that?the country's rising bad loans of banks could be well solved by market mechanism and government support.
Lou said his concerns about the rising non-performing loans (NPL)?were because of these banks' importance to China's financial system and national economy, not because of the ministry's major shareholder status in the banks.
Most of China's big banks are publicly traded and the Finance Ministry's standing is not different from other investors in terms of shareholder status, Lou said at a press conference on the sidelines of the ongoing annual session of the National People's Congress.
China may roll out policies towards the banks against the backdrop of a "big picture," in the process of deleveraging and slashing overcapacity and overstock, Lou said.
